Victory Information. for You

FEATURES OF POST DATED CHEQUE MANAGEMENT
Cheque Received Entry
  Maintains received cheque details such as cheque receive date, present date, amount, bank and customer together with relevant invoice no’s.
Cheque Present Entry
  When a date is entered all unpresented cheques are shown and the user can tick opposite the cheque number to deposit it in a specific bank.
Cheque Realized Entry
  When date of the realized cheque is entered into the system, the cheque will be automatically realized.
Cheque Dishonoured Entry
  When dishonoured data is entered for a cheque that is not realized, it automatically reverses the debtor balance and the relevant invoices.
Cheque re-deposit Entry
  When a cheque is dishonoured due to some reason and can be deposited again this transaction is entered.
After a cheque is realized it cannot be dishonoured. After realizing, the debtor's statement shows the invoice amount with the allocation.
Before the cheque is realized the user can dishonor the cheque. All dishonoured cheques are shown in the debtor's statement. Once a cheque is dishonoured the invoice balance is automatically reversed.
Only dishonored cheques can be re-deposited. When re-depositing, one cheque can be allocated to many invoices.
Facility to obtain age analysis of unrealized cheques (according to user defined aging periods).
One cheque number can be allocated to multiple invoices. However a cheque no. for one customer bank cannot be repeated.
Daily “to be banked cheques" listing facility.
Cheque purchasing facility.
Cheque presenting dates amendment facility.
Realized cheques are monitored daily.
Allocates cheque advance payments against invoices or debit notes.
In the debtors outstanding reports, post dated cheque payments are shown separately.
 
 

Last Modified:2010-09-10