Post Dated Cheque (Receipt)
Last updated
Last updated
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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.
Navigate to the "Setup" and then expand "Accounts".
Click on A/C Vouchers then select "Post Dated Check Receipts".
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.
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.
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.
Navigate to the Bank Receipts → click Modify.
Verify that the entry has been saved and reflected in the list.
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.
