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Former Member

Post dated check treatment

Hi All,

I had a scenario, regarding the post dated check treatment..

let me explain the scenario..

"I have to deliver some goods to a customer for that i asked a post dated check before the goods delivery, and i have to submit that check in the bank only after the delivery and customer satisfction only"

The customer had given that post dated check, now i want to account that check in my books,

How to treat that check to account in books?

Thanks in advance..

Regards,

Satya..

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4 Answers

  • Best Answer
    Posted on May 03, 2011 at 12:01 PM

    Dear:

    To cater PDCs SAP provides standard procedures.

    First PDC request is booked with invoice reference in F-37 with spcl GL indicator Y with due date given for realization of check.( this will be shown in FBL5N as noted item having no financial impact, depending upon the configuration fo Spl gk indicator in OBXR). In case check is bounced PDC can be reversed.

    Having realized the check payment is booked in F-29

    Clear the payment against invoice in F-32 to clear the ledger open item.

    This way PDCs are being catered in our company as well.

    Regard

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    • Dear:

      For request posted through F-37 there will be no financial impact and there will be single entry shown debiting the customer with posting key 09 and indicator F

      For posting payment through F-29 following entry will be displayed

      Bank incoming Dr

      Customer (with y indicator) Cr

      When you clear customer DZ (as posted above ) against an invoice in F-32, system simply debit and credit the customer to clear the ledger open item.

      Regards

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    Former Member
    Posted on May 03, 2011 at 12:12 PM

    Hi let me know wat are the entries takes place in the above process

    rgds,

    Satya

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    Former Member
    Posted on May 04, 2011 at 04:27 AM

    Hi let me know wat are the entries takes place in the above process

    rgds,

    Satya

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    Former Member
    Posted on May 04, 2011 at 05:59 AM

    Hi All,

    Thanks for your support.

    rdgs,

    Satya

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