Settle a postdated check from 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 settle a postdated check after the check has been cleared by the bank. This financial transaction also clears the bridge account transaction for the postdated check.

The following tasks must be complete before you start this one.

1) Set up postdated checks

2) Register and post a postdated check for a customer

The role of this task guides is Treasurer.

This procedure uses the USMF demo company.

  1. Go to Credit and collections > Inquiries and reports > Payments > Customer postdated checks.
  2. Click Settle.
  3. Click Settle clearing entries.
    • Settle the customer account for the check transaction.
  4. Close the page.
  5. Go to General ledger > Journal entries > General journals.
  6. In the Show field, select an option.
  7. Select or clear the Show user-created only check box.
  8. In the list, find and select the desired record.
  9. Click Lines.
  10. Click Voucher.
  11. Close the page.