ERPstuff - Oracle EBS Community

Hi Friends,

Can any body give me suggestion for entering posted dated cheques in AR module?

Regards,

VENKAT

Hi Venkat,

Post dated cheque can be entered by following steps:

Step 1. You should have PDC Organization (Post Dated Cheque)

Setp 2. Enter the Check details same as when customer gives you a normal cheque, Receipts - Payment method = You can define as PDC General.
Enter the Receipt No. that is your cheque no.
Receipt Amount - your cheque amount
Receipt date - your cheque received in hand date
GL Date same as receipt date
Maturity date - Due date of Cheque

Enter the DFF field Contex Value - Post dated cheque
Status - DUE
Collector - Name of the person who collected the cheque

[DFF field u have to enable and cutomize according to your need.]

Select the customer name and save it.

You can take a report on the basis of information what you entered in DFF.

If you need more information mail me or reply to this.

William.

Hi William,

Thanks for your knowledge sharing.

Can I know what about accounting entries?

Those entries will be generating, when we are entering PDC or after clearing through bank?

Please give me clarity of above questions also.

Beast Regards,

VENKAT

Hi Venkat,

Create Bank A/c

Name: POST DATED CHEQUES

A/c type : PDC
Bank A/c Details:
GL A/c - Example : xx.xxx.xxx.91201.0000.0000.00000

Define Recept Sources:

Operating Unit like PDC
Define the Name - Manual PDC

Receipt Class - Post Dated Cheques

----------------------------------------------------------------

Create Receipt Classes

Bank Name ost Dated Cheques

Account Name : ABC PDC General

GL Accounts tab : Enter the cash a/c

Example : xx.xxx.xxx.91201.0000.0000.00000
Where 91201 is control a/c for cash - Receipts Post Dated cheques general.

Unapplied Receipts: 00.000.000.91203.0000.0000.00000
where 91203 is your Liability post dated cheques general.

Unidentified Receipts: same as above

On Account Receipts : same as above

Unearned Discount : Unearned Discount a/c CCID of your unearned Discount

Earned Discount : Earned Discount a/c


Hope this will solve your problem.


William.

Hi

The accounting entries for PDC will be as follows

a) On creation of Receipt

Confirmation A/c Dr
Remittance A/c Cr

Status of Receipt is Confirmed

b) On Remittance of the check on Maturity date

Remitted A/c Dr
Unapplied A/c cr

Status of Receipt is Remitted

c) On application of Receipt to Invoice

Unapplied A/c Dr
Receivables A/c Cr

d) On clearing the Receipt

Cash A/c Dr
Confirmation A/c Cr

Status of Receipt is Cleared

Regards
Sivakumar