How to handle Post dated cheques in ISU FICA

[Former Member]

Hi Experts,

I have a requirement in ISU FICA where we need to handle post dated cheques. Scenario is like that when customer is making payment through post dated cheques , End user must make the entry in the system and give him receipt but system should not clear the open items , when cheque become due then system will clear the open items.

Thoughts on this will be highly appreciable

Thanks and Regards

Kumar

[Former Member · Accepted solution]

Dear Kumar,

This can be achived in standard SAP system.

-When you recive PDC checks, post it in system as sample document (F-01)

-On the maturity date post it as document with Transaction (FBR1).

If no. of transaction are few please use standard.

If transaction are huge, then please make a BDC transaction for F-01 as well FBR1.

This will suffice your requirement.

Best Regards

Rukana Khan

[Former Member]

Hi Ruksana,

Thanks for the instant reply.But i think F-01 is for FI transactions. We need to accept PDC cheques through ISU FICA transactions.Is this possible in SAP FICA with the standard transactions.

Thanks and Regards

Kumar

[AmlanBanerjee]

Hi Kumar,

I dont think there is any standard transaction in ISU FICA to cater your requirement for post dated cheques.

However, your requirement can be met by customization.

I assume, you have some separate identifiers for postdated cheques.

So, when you are processing these cheques in the system,  use the identifiers and place a clearing lock against the cheques until their due date.

You can do perform this activity through event 0247.

Once the cheque reaches the due date, the clearing lock expires and it will clear the Open items either through auto clearing or account maintaineance.

Hope it helps...

Thanks,

Amlan

[Former Member]

Hi Amlan,

Thanks for the valuable suggestion, its really helpful. I was also thinking same way but couldn't get proper way to fulfill the requirement.

I did this and able to handle the requirement.

Thanks once again.

Regards

Kumar

[ivor_martin]

Hi,

If you do not wish to use a programmatic enhancement (ie.FICA Event), you could use a 2-step approach.

(1) Explicitly post the payment as "Post on Account" (see checkbox when you double click on line item in the Payment Lot or Cheque Lot). Cash Desk also provides this feature.

(2) After the payment is posted on Account, go into the Open Credit (Payment on Account document) for the Contract Account in question (by double-clicking on Posting document directly from Payment Lot

(3) Switch to Change mode, and place a Clearing Lock on the Payment on Account (open credit) with Expiry date = date of post-dated cheque.

(4) When you run FPMA (Mass Account Maintenance)  on the night that the Clearing Lock expires, the open credit will clear against debt.

I hope this helps.

Regards,

Ivor M

[Former Member]

Hi Ivor,

Thanks for the suggestion.This is one more solution which I get. I tested this one also and get the result.

Thanks and Regards

Kumar