Register and post a postdated check for a customer

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

You can register details of a postdated cheque received from a customer. You can also post the postdated cheque and generate financial transactions. Complete the following tasks before you register and post a postdated cheque received from a customer: • Set up postdated Cheques in the Cash and bank management page • Set up a method of payment for postdated Cheques The role for this procedure is Treasurer. This procedure uses the USMF demo company.

  1. Go to Accounts receivable > Payments > Payment journal.
  2. Click New.
  3. In the Name field, type a value.
  4. Click Lines.
  5. In the list, mark the selected row.
  6. In the Account field, specify the desired values.
  7. In the Credit field, enter a number.
    • Enter the amount specified in the postdated cheque.
  8. Click the Payment tab.
  9. In the Method of payment field, type a value.
    • Select the method of payment for the postdated cheque
  10. Click the Postdated checks tab.
  11. In the Maturity date field, enter a date.
    • Enter the date when the postdated cheque is due for payment.
  12. In the Issuing bank branch field, type a value.
    • Enter the bank details of the postdated cheque.
  13. In the cheque number field, type a value.
  14. In the Issuing bank name field, type a value.
    • Enter the bank details of the postdated check.
  15. Click Post.
  16. Close the page.