Settle a postdated check for a vendor

Settle a postdated check issued to a vendor when the bank has cleared the check transaction after the check has been overdue and cleared by the bank.

Complete the following procedures before you start this one.

• Set up postdated checks
• Register and post a postdated check for a vendor

The role of this procedure is Treasurer. This procedure uses the USMF demo company.

1. Go to Accounts payable > Payments > Vendor postdated checks.
2. Click Settle.
3. Click Settle clearing entries.
   • Settle the vendor account for the check transaction.
4. Close the page.
5. Go to General ledger > Journal entries > General journals.
6. In the Show field, select All.
7. Select or clear the Show user-created only check box.
8. In the list, mark the selected row.
9. Click Lines.
10. Click Voucher.
11. Close the page.