Postdated Checks (SAP Library

Postdated Checks

Use

In Thailand, postdated checks are a common form of payment. You can use the SAP System to enter postdated checks in the system as they arrive, and to process them as they become due.

Features

To process checks, you use the Bills of Exchange solution originally developed for Turkey. The documentation here focuses on the most important procedures for working with the solution in Thailand. For further information about the solution, see the Bills of Exchange documentation.

Thai companies must use this solution instead of the generic Checks solution or the generic Bills of Exchange solution. The generic Checks solution, for example, cannot handle postdated checks. The generic Bills of Exchange solution, on the other hand, does not allow you to record preprinted check numbers, and does not allow you to process multiple postdated checks simultaneously.

Activities

Customizing

In Customizing, set up:

Check portfolios

Number ranges for transaction records

Collection accounts and the corresponding bank subaccounts

Special G/L accounts for incoming postdated checks and for bounced checks

Day-to-Day Activities

You can enter and process incoming postdated checks them as described under Entry and Processing of Postdated Checks. You organize your checks in portfolios.

For each transaction, the system automatically creates the appropriate accounting documents, and prints out a transaction record as required. You can reprint transaction records as required.

Finally, to keep track of your checks, you can use the Postdated Check List.