Post Dated Cheque Management

by
Odoo

54.91

v 13.0 Third Party 10
Live Preview
Required Apps Invoicing (account)
Sales (sale_management)
Technical Name sr_pdc_management
LicenseAGPL-3
Websitehttp://sitaramsolutions.com
Also available in version v 11.0 v 12.0 v 13.0
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Required Apps Invoicing (account)
Sales (sale_management)
Technical Name sr_pdc_management
LicenseAGPL-3
Websitehttp://sitaramsolutions.com
Also available in version v 11.0 v 12.0 v 13.0

Post Dated Cheque Management

Post dated checks can also be used for payment in the realization for the Line of credit . Security checks are used only when the account becomes non-performing.Managing accounts using post dated checks is very complex and important, as it has significant bearing on the servicing operations. If the PDCs due for clearing are not sent as required, the repercussions are huge. The lending institution loses its payment from the customer and may levy penalties such as late fees and insufficient funds charges which can lead to customer dissatisfaction. Hence, the utmost care should be taken while servicing the Line of credit accounts using PDC. The PDC process begins with the sorting of checks received from various account holders. They are segregated by Line of credit product and location before being vaulted in conduits at the centralized location or PDC center. This sorting enables the lending institution to quickly retrieve the PDCs with relevant date and send them for clearing.

Module Features
  • Manage Post Dated Cheques From Customers
  • Manage Post Dated Cheques From Vendors
  • Post Dated Cheques Reports
  • Manage Post Dated Cheques stages i.e Draft,Register,return,deposit,bounce,done and cancel
  • Manage Journal Entry
  • 50 days Free support

Select PDC account for customers and vendors

Customer invoice flow for post dated cheques

Create and validate customer invoice where you will see "Register PDC cheque".

You can register your cheque in system.

Post dated cheque menu where you can see all your PDC cheques

Customer PDC registered cheque, In registered stage, you can have option for return, deposit, and cancel.

If your cheque return for any circumstances like wrong signature, lack of informations or lack of amount. In return stage, you can have option for re-deposit or cancel it.

Deposit your cheque in bank at that time journal entry will create. In deposit stage, you can have option for done or bounce.

If your cheque is bounced in any circumstances then reverse journal entry will generate. In bounce stage, you can have option for re-deposit cheque or cancel it

If you re-deposit your cheque then again journal entry will generated and you can have option for done or bounce .

If everything is fine with your deposited cheque then you can click on done button.

Here,you can see the journal entry(stock move).

Here,you can see journal items(stock move line).

Vendor invoice flow for post dated cheques

Create and validate Vendor bill where you will see "Register PDC cheque".

You can register your cheque in system.

Post dated cheque menu where you can see all your PDC cheques

Vendor PDC registered cheque, In registered stage, you can have option for return, deposit and cancel.

If your cheque return for any circumstances like wrong signature, lack of informations or lack of amount. In return stage, you can have option for re-deposit or cancel it.

Deposit your cheque in bank at that time journal entry will create. In deposit stage, you can have option for done or bounce.

If your cheque is bounced in any circumstances then reverse journal entry will generate. In bounce stage, you can have option for re-deposit cheque or cancel it

If you re-deposit check at that time again journal entry will generate and you can have option for done or bounce

If everything is fine with your deposited cheque then you can click on done button.

Here,you can see the journal entry(stock move).

Here,you can see journal items(stock move line).

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partial payment?
by
kamlesh
on 1/16/20, 8:44 AM

Is there partial payment available in this module?

Re: partial payment?
by
Hiren Patel
on 1/16/20, 9:14 AM Author

No, this module will work on full payment only. if you want to customize it, please write us your requirement at Email: contact.hiren1188@gmail.com Skype: contact.hiren1188 Regards Sitaram Solutions