FEATURES OF POST DATED CHEQUE MANAGEMENT
* Cheque Received Entry
Maintains received cheque details such as cheque receive date, present date, amount, bank and customer together with relevant invoice no’s.
* Cheque Present Entry
When a date is entered all unpresented cheques are shown and the user can tick opposite the cheque number to deposit it in a specific bank.
* Cheque Realized Entry
When date of the realized cheque is entered into the system, the cheque will be automatically realized.
* Cheque Dishonoured Entry
When dishonoured data is entered for a cheque that is not realized, it automatically reverses the debtor balance and the relevant invoices.
* Cheque re-deposit Entry
When a cheque is dishonoured due to some reason and can be deposited again this transaction is entered.
* After a cheque is realized it cannot be dishonoured. After realizing, the debtor's statement shows the invoice amount with the allocation.
* Before the cheque is realized the user can dishonor the cheque. All dishonoured cheques are shown in the debtor's statement. Once a cheque is dishonoured the invoice balance is automatically reversed.
* Only dishonored cheques can be re-deposited. When re-depositing, one cheque can be allocated to many invoices.
* Facility to obtain age analysis of unrealized cheques (according to user defined aging periods).
* One cheque number can be allocated to multiple invoices. However a cheque no. for one customer bank cannot be repeated.
* Daily “to be banked cheques" listing facility.
* Cheque purchasing facility.
* Cheque presenting dates amendment facility.
* Realized cheques are monitored daily.
* Allocates cheque advance payments against invoices or debit notes.
In the debtors outstanding reports, post dated cheque payments are shown separately. |
