How to Record PDC Payment

How to Record PDC Payment

Overview:

Post-dated cheque is a cheque created for a date in the future. There are times that a company will issue PDCs to ready their payments to their Supplier in advance, especially if it will be installment.

Scenario:

The user will create PDC Payment to the Supplier.

Procedure:

Conditions:

a. If the Cheque Date should be the Posting Date of the transaction, then the Doc Date must be the Cheque Date.

b. If the Voucher Date should be the Posting Date of the transaction, then the Doc Date must be the date when the Voucher will be created.

1. Create Pay Bills and key in all relevant information.

2. Click the ‘Supplier’ tab and enter the Cheque Date (optional) and the Cheque Prepared Date to record the Voucher Date.

In this example, the Doc Date is the same as the Cheque Date (Condition #1).

3. Go to the ‘Edit’ menu, click ‘Mark As’ and select P.D. Cheque.

4. Go back to the ‘Home’ menu and click Save. The payment shall have a label (P.D. Cheque).

PDC Issued Inquiry

To view/monitor Post-dated Cheque Issued, go to the Inquiry > PDChq. Issued Inquiry.

Set the dates that will cover the Doc Date of the P.D. Cheque and click Inquiry.

NOTE:

For further concerns regarding this matter, please contact support to assist you or create ticket thru this link https://support.qne.com.ph