Post Dated Cheque (Receipt)

YouTube: Post Date Cheques Entry (Receipts/Payments)

This tutorial explains how to manage Post-Dated Checks (PDC) in Logic ERP, from entry to realization, ensuring smooth and efficient tracking of advance payments.


Access Post-Dated Check Entry

  • Navigate to the "Setup" and then expand "Accounts".

  • Click on A/C Vouchers then select "Post Dated Check Receipts".


Create a Post-Dated Check Entry

  • Select the appropriate Bank Account from the list.

  • Enter the Narration (optional) — this will carry forward to the bank voucher.

  • Input the Customer Account Name.

  • Enter the Cheque Number and the Future Date as mentioned on the check.

  • Use the Adjust BR/BP option to link the check to specific bills:

    • Select the document to be adjusted.

    • Click Adjust Entry.

  • Once adjusted, the system will display:

    • Adjusted Amount

    • Balance Pending (if any).

  • Click Save to complete the entry.


Convert Post-Dated Check to Check for Collection

  • Navigate to the option Labeled "Convert PD Checks to Checks for Collection".

  • Select the Bank in which the post-dated check was recorded.

  • Click Search to refresh and populate the grid.

  • Choose the required Voucher from the list.

  • Click on Convert:

    • A new window will open for final processing.

    • Select the Bank Account where the amount should be transferred.

    • Confirm the final conversion by clicking Yes.


Realize Check for Collection

  • Navigate to the Realize Check for Collection Receipts.

  • Select the appropriate Bank and click Search.

  • All post-dated checks converted into checks for collection will be displayed.

  • Select the required voucher and click Convert.

  • Confirm the conversion by clicking Yes.


Verify Bank Voucher Entry

  • Navigate to the Bank Receipts → click Modify.

  • Verify that the entry has been saved and reflected in the list.


Conclusion

Using Logic ERP, you can efficiently:

  • Record post-dated checks

  • Link them with bills

  • Convert them for collection

  • Realize them into the system seamlessly

This ensures accurate tracking of customer payments and simplifies financial reconciliation.

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