Exercise - Register the details of a postdated check for a customer and vendor

  • 10 minutes

Customer

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

Vendor

  1. In company USMF, go to Accounts payable > Payments > Vendor payment journal.
  2. Select New.
  3. In the Name field, type VendPay.
  4. Select Lines.
  5. In the Account field, specify the desired values.
  6. In the Debit field, enter a number.
  7. Select the Payment tab.
  8. In the Method of payment field, select the method of payment for the postdated check.
  9. Select the Postdated checks tab.
  10. In the Check number field, enter or modify the number of the postdated check.
  11. In the Issuing bank branch field, enter the bank details for the postdated check.
  12. In the Issuing bank name field, enter the bank details for the issuing bank.
  13. Select Post.
  14. Close the page.