Cheque Management

$ 70.27

v 18.0 Third Party

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Availability	Odoo Online Odoo.sh On Premise
Odoo Apps Dependencies	• Discuss (mail) • Invoicing (account)
Lines of code	523
Technical Name	`ol_cheque_management`
License	LGPL-3
Website	https://www.odolution.com/
Versions	16.0 17.0 18.0 19.0

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Availability	Odoo Online Odoo.sh On Premise
Odoo Apps Dependencies	• Discuss (mail) • Invoicing (account)
Lines of code	523
Technical Name	`ol_cheque_management`
License	LGPL-3
Website	https://www.odolution.com/
Versions	16.0 17.0 18.0 19.0

Why Cheque Management?

The Cheque Management app streamlines the financial handling of cheques by automating journal entry creation based on predefined configurations. It enables finance teams to manage the entire lifecycle of cheques such as marking them as Cleared, Dishonoured, or Returned to Office while ensuring accurate and compliant accounting entries. The system intelligently selects debit and credit accounts either from the configured setup or based on the selected bank or cash clearing method. Each action updates the cheques status and posts the relevant journal entry, reducing manual workload and enhancing traceability. This configuration-driven approach allows businesses to implement client-specific cheque handling policies without altering core logic, ensuring flexibility and reliability in financial operations.

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Key Attributes of Cheque Management

Lifecycle Management

Manage the full lifecycle of cheques, including Cleared, Dishonoured, and Returned to Office, ensuring proper status tracking and financial compliance.

Automated Journal Entries

Generates and posts accurate journal entries for each cheque action, streamlining the accounting process and reducing manual effort.

Configuration-Driven Accounting

Define and manage cheque-related accounts dynamically using configuration settings for debit, credit, and journal handling.

Dynamic Account Selection

Selects the correct bank or cash accounts for clearing based on user input, ensuring accurate transaction records.

Partner and Date Integration

Integrates partner and accounting dates with each journal entry, enabling efficient reporting and financial tracking.

Cheque Management

The MARK AS UTILIZED method processes the cheque as utilized by updating its status and posting the appropriate journal entry based on the configured debit or credit accounts.

When marked as utilized, it generates the corresponding journal entries, including the debit and credit accounts.

The RETURNED TO OFFICE updates the cheque status to "Returned to Office" and posts the relevant journal entry reflecting the return transaction.

The MARK AS CLEARED marks the cheque as cleared and posts the appropriate journal entry based on the selected clearing method (debit or credit).

All the journal entries related to these actions are displayed. They are shown in the list below for your reference.

Details of the journal entry for the cheque are displayed. It shows the debit and credit entries along with the associated accounts.

Cheque configuration

Open your database and navigate to Cheque Management

The cheque configuration for 'Mark as Utilized' is presented. This configuration includes details regarding the debit account, credit account, and journal. If the 'Is Clear By' option is selected for either the debit or credit account, the corresponding account for the journal entry will be chosen based on the selected clearing option in the cheque form.

The cheque configuration for 'Mark as Cleared' is displayed. It shows the debit account, credit account, and journal details.

The cheque configuration for 'RETURNED TO OFFICE' is displayed. It shows the debit account, credit account, and journal details.

The cheque configuration for 'RETURNED TO Customer' is displayed. It shows the debit account, credit account, and journal details.

The cheque configuration for 'AGAIN DEPOSIT' is displayed. It shows the debit account, credit account, and journal details.

The cheque configuration for 'MARK AS DISHONOURED' is displayed. It shows the debit account, credit account, and journal details.

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Contact Us

have questions? Don't hesitate to reach out via email at app.support@odolution.com Or via whatsapp at +923356928563 . We are happy to help!

Support Ticket

For any issues you encounter while using our app, we offer free support for 90 days from the date of purchase, provided the issue is related to the app.
To get assistance, please visit www.odolution.com to create a support ticket. Simply register on our platform and provide the details of the issue, and our team will work to resolve it promptly.

FAQs

How does the Cheque Management system track cheque statuses?

The system tracks the entire lifecycle of cheques by updating their status as they progress through different stages, such as Cleared, Dishonoured, or Returned to Office. Each action is recorded, and relevant journal entries are generated for each status change.

Can the system post journal entries for cheque actions?

Yes, the system generates and posts journal entries based on predefined configurations for cheque actions like "Mark as Utilized", "Mark as Cleared", or "Returned to Office". This streamlines accounting operations and ensures accurate financial tracking.

How do I configure cheque-related accounts for journal entries?

You can configure cheque-related accounts dynamically through the Cheque Management setup. You can specify the debit and credit accounts for different cheque actions such as marking a cheque as utilized, returned, or cleared.

What happens when a cheque is marked as 'Returned to Office'?

When a cheque is marked as "Returned to Office," the system updates the cheque's status to reflect this, and it generates the corresponding journal entries to reflect the transaction in the financial records.

Can I view all journal entries for cheque actions in the system?

Yes, the system displays all the relevant journal entries for each cheque action. These entries can be easily accessed and reviewed for accurate financial tracking.

How does the system ensure that the right accounts are selected for each cheque action?

The system uses pre-configured setups to dynamically select the appropriate bank or cash accounts for each action based on the cheque configuration. This ensures that all transactions are recorded accurately in the correct accounts.

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