Exercise - Register the details of a postdated check for a customer and vendor
Customer
- In company USMF, go to Accounts receivable > Payments > Customer Payment journal.
- Select New.
- In the Name field, type a value.
- Select Lines.
- In the Account field, specify the desired values.
- In the Credit field, enter the amount specified in the postdated check.
- Select the Payment tab.
- In the Method of payment field, select the method of payment for the postdated check.
- Select the Postdated checks tab.
- In the Maturity date field, enter the date when the postdated check is due for payment.
- In the Issuing bank branch field, enter the bank details of the postdated check.
- In the Check number field, type a value.
- In the Issuing bank name field, enter the bank details of the postdated check.
- Select Post.
- Close the page.
Vendor
- In company USMF, go to Accounts payable > Payments > Vendor payment journal.
- Select New.
- In the Name field, type VendPay.
- Select Lines.
- In the Account field, specify the desired values.
- In the Debit field, enter a number.
- Select the Payment tab.
- In the Method of payment field, select the method of payment for the postdated check.
- Select the Postdated checks tab.
- In the Check number field, enter or modify the number of the postdated check.
- In the Issuing bank branch field, enter the bank details for the postdated check.
- In the Issuing bank name field, enter the bank details for the issuing bank.
- Select Post.
- Close the page.