Processing Postdated Cheques in NEOSYS - Revision history

Steve at 10:38, 25 February 2018

2018-02-25T10:38:34Z

← Older revision		Revision as of 10:38, 25 February 2018
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	== How do I process Post-dated Cheques RECEIVED in NEOSYS? ==		== Processing Post-dated Cheques ==
	=== Setting up for PDC Received ===
			=== How do I process Post-dated Cheques RECEIVED in NEOSYS? ===

			==== Setting up for PDC Received ====
	Decide where the pdc assets are going to appear in the GL. Normally they will appear somewhere in current assets.		Decide where the pdc assets are going to appear in the GL. Normally they will appear somewhere in current assets.

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	*Documents Receivable/PDC Received Chart		*Documents Receivable/PDC Received Chart

	=== Recording the Receipt ===		==== Recording the Receipt ====
	When postdated cheque is in hand:		When postdated cheque is in hand:

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	Credit: A/R or Client A/c (may be allocated to invoices)		Credit: A/R or Client A/c (may be allocated to invoices)

	=== Recording the Deposit ===		==== Recording the Deposit ====
	When postdated cheque is deposited:		When postdated cheque is deposited:

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	Credit: Postdated Cheques Received A/c (maybe one a/c or per client)		Credit: Postdated Cheques Received A/c (maybe one a/c or per client)

	== How do I process Post-dated Cheques ISSUED in NEOSYS? ==		=== How do I process Post-dated Cheques ISSUED in NEOSYS? ===

	=== Setting up for PDC Issued ===		==== Setting up for PDC Issued ====

	Decide where the pdc liabilities are going to appear in the GL. Normally they will appear somewhere in current liabilities.		Decide where the pdc liabilities are going to appear in the GL. Normally they will appear somewhere in current liabilities.
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	*Documents Payable/PDC Issued Chart		*Documents Payable/PDC Issued Chart

	=== Recording the Receipt ===		==== Recording the Receipt ====
	When postdated cheque is delivered to recipient:		When postdated cheque is delivered to recipient:

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	Debit: A/P or Supplier A/c (may be allocated to invoices)		Debit: A/P or Supplier A/c (may be allocated to invoices)

	=== Recording the Clearing ===		==== Recording the Clearing ====
	When postdated cheque is cleared/reconciled:		When postdated cheque is cleared/reconciled:

Steve: /* Setting up for PDC Issued */

2014-05-15T17:25:00Z

Setting up for PDC Issued

← Older revision		Revision as of 17:25, 15 May 2014
Line 40:		Line 40:

	*Accounts Payable Chart		*Accounts Payable Chart
	*Cash and Bank Chart		*Cash and Bank Chart (not advisable because cannot be open item and therefore cannot be allocated)
	*Documents Payable/PDC Issued Chart		*Documents Payable/PDC Issued Chart

Steve: /* Setting up for PDC Received */

2014-05-15T17:24:36Z

Setting up for PDC Received

← Older revision		Revision as of 17:24, 15 May 2014
Line 8:		Line 8:

	*Accounts Receivable Chart		*Accounts Receivable Chart
	*Cash and Bank Chart		*Cash and Bank Chart (not advisable because cannot be open item and therefore cannot be allocated)
	*Documents Receivable/PDC Received Chart		*Documents Receivable/PDC Received Chart

Priyanka: /* Recording the Deposit */

2013-02-14T11:47:17Z

Recording the Deposit

← Older revision		Revision as of 11:47, 14 February 2013
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	When postdated cheque is deposited:		When postdated cheque is deposited:

			Journal: Receipts
	Period: Current at time of deposit in bank		Period: Current at time of deposit in bank
	Date: Date deposited in the bank		Date: Date deposited in the bank
			Debit: Bank A/c
	Credit: Postdated Cheques Received A/c (maybe one a/c or per client)		Credit: Postdated Cheques Received A/c (maybe one a/c or per client)
	~~Debit: Bank A/c~~


	== How do I process Post-dated Cheques ISSUED in NEOSYS? ==		== How do I process Post-dated Cheques ISSUED in NEOSYS? ==

Priyanka: /* Recording the Clearing */

2013-02-14T11:46:16Z

Recording the Clearing

← Older revision		Revision as of 11:46, 14 February 2013
Line 55:		Line 55:
	When postdated cheque is cleared/reconciled:		When postdated cheque is cleared/reconciled:

			Journal: Payments
	Period: Current at time of clearing in bank		Period: Current at time of clearing in bank
	Date: Date cleared in the bank		Date: Date cleared in the bank
			Credit: Bank A/c
	Debit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)		Debit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)
	~~Credit: Bank A/c~~

Priyanka: /* Recording the Clearing */

2013-02-14T10:32:09Z

Recording the Clearing

← Older revision		Revision as of 10:32, 14 February 2013
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	Period: Current at time of clearing in bank		Period: Current at time of clearing in bank
	Date: Date cleared in the bank		Date: Date cleared in the bank
	~~Credit~~: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)		Debit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)
	~~Debit~~: Bank A/c		Credit: Bank A/c

Priyanka: /* Recording the Receipt */

2013-02-14T10:29:52Z

Recording the Receipt

← Older revision		Revision as of 10:29, 14 February 2013
Line 46:		Line 46:
	When postdated cheque is delivered to recipient:		When postdated cheque is delivered to recipient:

	Journal: Payments		Journal: Payments
	Period: Current		Period: Current
	Date: Actual Date on Cheque (future)		Date: Actual Date on Cheque (future)
	~~Debit~~: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)		Credit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)
	~~Credit~~: A/P or Supplier A/c (may be allocated to invoices)		Debit: A/P or Supplier A/c (may be allocated to invoices)

	=== Recording the Clearing ===		=== Recording the Clearing ===

Vineet: moved Processing Postdates Cheques in NEOSYS to Processing Postdated Cheques in NEOSYS

2012-02-27T12:25:43Z

moved Processing Postdates Cheques in NEOSYS to Processing Postdated Cheques in NEOSYS

← Older revision	Revision as of 12:25, 27 February 2012
(No difference)

Vineet: moved Recording PDC payments in NEOSYS to Processing Postdates Cheques in NEOSYS

2012-02-27T12:17:41Z

moved Recording PDC payments in NEOSYS to Processing Postdates Cheques in NEOSYS

← Older revision	Revision as of 12:17, 27 February 2012
(No difference)

Vineet at 12:16, 27 February 2012

2012-02-27T12:16:26Z

← Older revision		Revision as of 12:16, 27 February 2012
Line 1:		Line 1:
	== How do I process Post-dated Cheques RECEIVED in NEOSYS? ==		== How do I process Post-dated Cheques RECEIVED in NEOSYS? ==

	=== Setting up for PDC Received ===		=== Setting up for PDC Received ===

	Decide where the pdc assets are going to appear in the GL. Normally they will appear somewhere in current assets.		Decide where the pdc assets are going to appear in the GL. Normally they will appear somewhere in current assets.

Line 14:		Line 12:

	=== Recording the Receipt ===		=== Recording the Receipt ===

	When postdated cheque is in hand:		When postdated cheque is in hand:

	Journal: Receipts		Journal: Receipts
	Period: Current		Period: Current
	Date: Actual Date on Cheque (future)		Date: Actual Date on Cheque (future)
	Debit: Postdated Cheques Received A/c (maybe one a/c or per client)		Debit: Postdated Cheques Received A/c (maybe one a/c or per client)
	Credit: A/R or Client A/c (may be allocated to invoices)		Credit: A/R or Client A/c (may be allocated to invoices)

	=== Recording the Deposit ===		=== Recording the Deposit ===
			When postdated cheque is deposited:

	When postdated cheque is ~~deposited~~:		Period: Current at time of deposit in bank
			Date: Date deposited in the bank
			Credit: Postdated Cheques Received A/c (maybe one a/c or per client)
			Debit: Bank A/c


			== How do I process Post-dated Cheques ISSUED in NEOSYS? ==

			=== Setting up for PDC Issued ===

			Decide where the pdc liabilities are going to appear in the GL. Normally they will appear somewhere in current liabilities.

			If you wish to age and list individual outstanding PDC then you need to create the account in an open item ledger like the Accounts Payable.

			Create an account “Postdated Cheques Issued” in one of the following charts. You can create a single account for all PDC, or one per supplier/payee.

			*Accounts Payable Chart
			*Cash and Bank Chart
			*Documents Payable/PDC Issued Chart

			=== Recording the Receipt ===
			When postdated cheque is delivered to recipient:

			Journal: Payments
			Period: Current
			Date: Actual Date on Cheque (future)
			Debit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)
			Credit: A/P or Supplier A/c (may be allocated to invoices)

			=== Recording the Clearing ===
			When postdated cheque is cleared/reconciled:

	Period: Current at time of ~~deposit~~ in bank		Period: Current at time of clearing in bank
	Date: Date ~~deposited~~ in the bank		Date: Date cleared in the bank
	Credit: Postdated Cheques ~~Received~~ A/c (maybe one a/c or per ~~client~~)		Credit: Postdated Cheques Issued A/c (maybe one a/c or one per supplier/payee)
	Debit: Bank A/c		Debit: Bank A/c