Register and post a postdated check for a customer

You can register details of a postdated check received from a customer. You can also post the postdated check and generate financial transactions. Complete the following tasks before you register and post a postdated check received from a customer:

• Set up postdated check in the Cash and bank management page
• Set up a method of payment for postdated checks

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

1. Go to Accounts receivable > Payments > Payment journal.
2. Click New.
3. In the Name field, type a value.
4. Click Lines.
5. In the list, mark the selected row.
6. In the Account field, specify the desired values.
7. In the Credit field, enter a number.
   • Enter the amount specified in the postdated check.
8. Click the Payment tab.
9. In the Method of payment field, type a value.
   • Select the method of payment for the postdated check.
10. Click the Postdated checks tab.
11. In the Maturity date field, enter a date.
    • Enter the date when the postdated check is due for payment.
12. In the Issuing bank branch field, type a value.
    • Enter the bank details of the postdated check.
13. In the Check number field, type a value.
14. In the Issuing bank name field, type a value.
    • Enter the bank details of the postdated check.
15. Click Post.
16. Close the page.