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How to handle Post dated cheques in ISU FICA

Hi Experts,

I have a requirement in ISU FICA where we need to handle post dated cheques. Scenario is like that when customer is making payment through post dated cheques , End user must make the entry in the system and give him receipt but system should not clear the open items , when cheque become due then system will clear the open items.

Thoughts on this will be highly appreciable

Thanks and Regards

Kumar

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    author's profile photo Former Member
    Former Member
    Posted on Apr 30, 2012 at 04:30 AM

    Dear Kumar,

    This can be achived in standard SAP system.

    -When you recive PDC checks, post it in system as sample document (F-01)

    -On the maturity date post it as document with Transaction (FBR1).

    If no. of transaction are few please use standard.

    If transaction are huge, then please make a BDC transaction for F-01 as well FBR1.

    This will suffice your requirement.

    Best Regards

    Rukana Khan

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    • Former Member Amlan Banerjee

      Hi Amlan,

      Thanks for the valuable suggestion, its really helpful. I was also thinking same way but couldn't get proper way to fulfill the requirement.

      I did this and able to handle the requirement.

      Thanks once again.

      Regards

      Kumar

  • Posted on Apr 30, 2012 at 02:08 PM

    Hi,

    If you do not wish to use a programmatic enhancement (ie.FICA Event), you could use a 2-step approach.

    (1) Explicitly post the payment as "Post on Account" (see checkbox when you double click on line item in the Payment Lot or Cheque Lot). Cash Desk also provides this feature.

    (2) After the payment is posted on Account, go into the Open Credit (Payment on Account document) for the Contract Account in question (by double-clicking on Posting document directly from Payment Lot

    (3) Switch to Change mode, and place a Clearing Lock on the Payment on Account (open credit) with Expiry date = date of post-dated cheque.

    (4) When you run FPMA (Mass Account Maintenance) on the night that the Clearing Lock expires, the open credit will clear against debt.

    I hope this helps.

    Regards,

    Ivor M

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