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Because post-dated cheques are commonly used in UAQ and GCC countries, you may need to record uncleared cheques to special accounts whose balances do not affect the financial statements of your company. For this, you can select the Off-Balance-Sheet Accounting of Cheques option on the Administration > Settings > Money form. Once the functionality is enabled, you can select the default off-balance-sheet accounts to be used for registration of cheques of various types. The appropriate GL accounts (indicated by OBS in round brackets) become available for selection in supplier, customer, and employee master records as well as in master records of entities.

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For a voided or bounced cheque, you can create a Cheque Cancellation document where you can specify the date and the basis document, Cheque Received or Cheque Issued, with information about the cheque that must be cancelled.

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