With the Post-Dated Cheque Management (PDC) feature, you can easily validate and keep track of post-dated cheques (cheques that recipients can encash on a future date). You can now simplify the management of your post-dated cheques and the underlying transactions, that is otherwise, time-consuming and laborious.
With Post-Dated Cheque Management, you can:
Mark an entry as post-dated, and specify the date on which the cheque was received or issued. This allows you to keep track of the time when the cheque is made available.
View the party’s current balance, and the balance after including the post-dated cheque(s) while recording entries for payments and receipts.
Save time and effort keeping a record of the cheques and the record entries at the right time. The cheques do not have an effect on the books of accounts until its date of presentation is the same as the Date of Last Entry. Thus, you do not have to wait for the cheque’s presentation date to record the transactions.
Obtain a comprehensive summary of all transactions involving post-dated cheques using the Post-dated Summary report.
Track post-dated cheques from the Cheque Register.
Include post-dated transactions in MIS reports such as Cash Flow and Funds Flow Statements, and other reports such as Ledger Vouchers, Group Summary, Outstandings reports, and so on.
View the post-dated transactions for the period in the Day Book.
View reports with actual values, or values that include post-dated cheques.
For more information, click here.
Release 5.0 |
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'Post-dated Cheque Management Release notes' has been shared with
