Cheque Received Entry - Maintains received cheque details such as cheque receive date, present date, amount, bank and customer together with relevant invoice numbers.
Cheque Present Entry - When a date is entered all un-presented cheques are shown and the users can tick opposite the cheque number to deposit it in a specific bank.
Cheque Realized Entry – When the 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 dishonour the cheque. All dishonoured cheques are shown in the debtor's statement. Once a cheque is dishonoured the invoice balance is automatically reversed.
Only dishonoured cheques can be re-deposited. When re-depositing, one cheque can be allocated to several 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 number 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 debtor outstanding reports, post dated cheque payments are shown separately
