Post dated cheque

[Former Member]

Dear all,

What is the process in dealing with post dated cheque received?

Configuration steps

please guide me.

Will award points

Reg

Kris

[Former Member]

Hi

As far I know SAP does not support the functionality of post dated checks.

The only way to have a trace on the posted dated checks is to have them posted as noted items(SPL GL transaction).

Good Luck

Hari

[Former Member]

Hello Hari,

Thanks for your reply.

Can you explain bit more details, how i handle this postdate cheque(Spl Trans)

if possible Config steps.

Reg

George

[Former Member]

Hi

We can handle the post dated cheque issue through configuring a special GL indicator. We need to create a special gl indicator for this purpose in the similar way we create for Down payments. We need to select Noted items while creating this indicator.

On receipt of the post dated cheque it can be accounted through Statistical postings (F-38) against the customer. On the due date of cheque when the cheque is presented for payment in bank, the actual entry has to be made debiting bank and crediting customer. The statistical posting earlier made has to be reversed through transaction code F-19.

The purpose of such accounting is to make further supplies to the customer even though the credit limit is exceeded for the customer.

Hope it is clear. Please award points if found useful.

Regards,

K Lakshmanan

[Former Member]

I think post dated check can be handled through Special purpose Gl indicator like we handle guarantees which statistical posting to SAP.

Please refer the sap help link

http://help.sap.com/saphelp_erp60_sp/helpdata/en/41/37b8e7455b11d182b40000e829fbfe/frameset.htm

1. Define account in Tcode OBXY input details like account type , special GL indicator , special GL account

2. Maintain settings in OBXT provide clearing account.

Then from the point of enduser

1. FB21 is used for entering statistical posting

Dr. Customer account

Cr. clearing account

It will post a debit to the special G/L account automatically.

The system makes the offsetting entry to the clearing account.

2. Reversal of statistical posting Tcode FB22

The system posts the guarantee amount to the customer and to the special G/L account as a credit entry in each case.

The offsetting entry is made to the clearing account.

I understand that the post dated check can be handled in similar fashion like guarantees.

[Former Member]

Hi,

Normally we will post in OB52, these cheques will be updated in probate bases we can able to see these transactions in financial year.

Regards

Bhaskar

[Former Member]

Hi,

Ob52 is where we will maintain the open and close period

Regards

Hari