How to configure Post Dated Cheque in Microsoft Dynamics 365 F&O
A post-dated cheque is a regular cheque where the writer specifies a future date on the cheque. They do that to ensure the payment is made to the payee on or after the stipulated date. This date can be any future date, depending on the needs of the individual or the company.
In this article, my primary aim is to explain the configuration part. For comprehensive information and in-depth technical details, I encourage you to refer to the Microsoft documentation.
Create a new Journal name for clearing entries.
General ledger --> Journal names.
Setup cash and bank management parameters.
Cash and bank management --> Cash and bank parameters.
Create a payment method.
Accounts payable --> Methods of payment.
Now post a vendor payment and select the Post-Dated Check (PDC) method of payment.
Settle the transaction once the cheque is matured.
Accounts payable --> Vendor postdated checks.
A new journal has been created with the reversal of bridging account.
General ledger --> General journals.
Project Lead | Techno-functional Consultant
1 年Good ??
Dynamics AX/365F&O Developer
1 年Magno Pereira, Rodrigo Lins Cordeiro, David Fuller Brazil, Edvandro Santos
Senior Technical Consultant ERP / Microsoft Dynamics 365 Finance & Operations | Integration & Customization specialist | Enabler of Business | Digital Transformation
1 年You are amazing Talal Ahmed Raza man, this article carrier really interesting information about finOps. #Keep posting & growing !!!
Microsoft D365 F&O Functional Consultant | AI ERP | Finance and Supply Chain Analyst | Digital Transformation & Process Automation |
1 年There is one major lacking in this functionality: - You need to create a separate 'method of payment' for each bank since it picks the bank from the method at the time of settlement. Is there any workaround for that?