Page 31 - KIA Proposal v5

FiNAC - Software Solution
6.8 Post Dated Cheque

Maintains cheque details such as cheque received date, to be presented date, amount, customer and

customer bank.

When a date is entered all un-presented cheques are shown and the users can tick opposite the cheque

number to deposit it in a specific bank.

One cheque number can be allocated to multiple invoices. However a cheque number for one customer

bank cannot be repeated.

Cheque presenting dates amendment facility.

Daily “to be banked cheques" listing facility.

Facilitates trace of original invoice details

Allows entering of cheques without a date

Cheque advance received facility

All dishonoured cheques are shown in the debtor's statement.

Only dishonoured cheques can be re-deposited. When re-depositing, one cheque can be allocated to

several invoices.

When the cheque is dishonoured system will increase the customer’s outstanding balance by

automatically raising a Debit Note.

Facility to obtain age analysis of unrealized cheques based on date of deposit.

In the debtor outstanding reports, post dated cheque payments are shown separately

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