Post dated check treatment

[Former Member]

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..

[atif_farooq · Accepted solution]

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

[Former Member · Accepted solution]

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

rgds,

Satya

[Former Member · Accepted solution]

Hi,

For noted items there is no Accounting entry. It is for information purpose only.

You will be able to see it in FBL5N as a noted item ( to see this in FBL5N, do remember to tick the noted item on the selection screen of FBL5N). Noted item is a one line entry and is not a full double accounting entry.

When you receive a cheque from a customer and you enter a post dated cheque for it, then it would be posting a credit on the Customers Account. So it will be a one line entry posting a credit on Customer and reducing your receivables balance in FBL5N but in books it has no impact.

Regards,

SAPFICO

[atif_farooq · Accepted solution]

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

[Former Member]

Hi All,

Thanks for your support.

rdgs,

Satya

[Former Member]

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

rgds,

Satya

[Former Member]

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

rgds,

Satya