Suggestion:
A post-dated cheque (PDC) as the name indicates is a Cheque in which a future date is entered. This means that the Cheque cannot be cashed until that day. Till that date of cheque, it remains a bill of exchange and it becomes cheque only on the date written on the cheque. Its popular name is PDC.
System has the provision to save a PDC Given record in the following path: Finance ->Payables->Payment-> PDC Given.
Users make any payments against suppliers or any sundry type such as customers, bank, employee, tax authority, loan party, transporter, Sales person, strategic customer etc using PDC. It can be adjusted or advanced. Users have to give the sundry code, amount, reference number, date and cheque name. Users need to specify the payables reference, account code payables and cost center.
In the details screen users can select the voucher, reference series, reference number, due date and amount.
Multiple cheques can be given by the users against the sundry code entered in the header. When PDC is enter into system there will not be accounting impact. System just record the PDC details. User can convert the PDC given transaction into payment transaction through separate process screen. In this screen, system scans all due PDC’s and shows list. user has to select those pdc and process.