Post Dated Cheque for Installment Plan.

[rajesh_vasudeb]

Dear Friends,

How do u treat PDC's (Post Dated Cheques) received from your Customer dated for 3 Different Months for an Installment Plan granted ?

Regards

Rajesh

[Former Member · Accepted solution]

Rajesh,

Usually they are posted as Payment / Check lots.

If they are returned, you can post them as Return lots reversing the Payments thus making u r Instalment plans open again.

Does this help?

Rgds

Rajendra

[rajesh_vasudeb]

Sir, I wanted to know how it is treated.

In the sense, whether you clear the open items when you receive the cheque or hold the cheque and post it on the date on the face of the cheque??

Can you treat it as a Downpayment till the date it matures ??

Regards,

Rajesh

[Former Member]

U have multiple options...

one is above

second one is post them as Down payments. On the day of maturity, if realized, clear using FP06, If not reverse them using FP08.

It all depends how you want them in SAP as your business requirement.

Rgds

Rajendra

[rajesh_vasudeb]

Thank you for the information.Sir.

Regards,

Rajesh