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Process documentation Entry and Processing of Postdated Checks Locate the document in its SAP Library structure

Purpose

This process illustrates what you have to do to enter and process postdated checks, and which accounting postings the system makes.

Process Flow

  1. A customer purchases some goods from you. You enter an invoice in the system accordingly and send it to the customer.

    2. When you enter the invoice, the system creates an accounting document as follows (in this example, the invoice is for THB 5,500):

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  2. The customer sends you a postdated check by means of payment, and you enter the check in the system.

    3. The system creates an accounting document to clear the open item from the customer account, and to open another open item on the customer account for the check, reconciled with the special G/L account for postdated checks:

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  3. When the check is due, you present it to your bank to be collected.

    4. The system creates the following accounting document, debiting the check to the bank's collection account and crediting the corresponding bank subaccount:

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  4. The bank clears the check and you record it in the system. However, if the check has bounced, proceed as described under Entering Bounced Checks.

The system creates two accounting documents. The first document debits the check to the bank account and clears the collection account:

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The other accounting document reverses the contingent liability from the bank subaccount and clears the check from the special G/L account:

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