Posted date checks

Dr_mjh

Hi there:
Regarding posted date checks how does Navision deal with it?

Dr_mjh

Plaese anyone. [-o<

SteveO

Can't you just change the posting date on the cheque?

nelson

Can you please explain what you mean a little better?

Savatage

Nelson's right you need to be more clear.

If you're talking about post dated checks it really depends on how your business handles them not Navision.

For example we put our post dated checks in a safe until the date comes then we enter it & deposit it.

- so I'm not really sure what you're asking. :-k

nelson

What he's looking for could also come down to the Allow Posting Dates From/To settings, Savatage.
That's why we need more info to help properly.

Dr_mjh

I mean the post dated check ok, now, navision allows the posting of the post dated checks regardless of the post date and it also allows directly posting to the bank accounts, so how do you handle this with navision? :-k

Dr_mjh

COME ON GUYS WHERE ARE YOU?

Dr_mjh

have you changed your mind about answering me? please anyone.

Tim81

What about being less aggressive???

We all spend our spare time and don't get money to give answers here in this forum. Don't forget that we all live in different time zones.

YOU also needed 1 day to answer to the postings from the other guys.

So: pe patient or shut up. Maybe there has nobody have the needed knowledge. Call your NSC. There you will get an answer immediately and you have to pay money for this.

I mean the post dated check ok, now, navision allows the posting of the post dated checks regardless of the post date and it also allows directly posting to the bank accounts, so how do you handle this with navision?

So, where is the question?? You can do more operations than you need, can't you? What is the problem? What do you want to know? If you don't want to post a check, don't do it. If you don't want to post directly to a bank account... don't do it. Thats the solution.

Administrator

Please read the following info first before posting questions to the forum (thanks to "fb" for the link):
http://www.catb.org/~esr/faqs/smart-que ... #beprecise
http://www.catb.org/~esr/faqs/smart-que ... l#courtesy

Dr_mjh

Thank you tim81 for describing the cultural differences between our countries .
I apologise if caused annoyance for anyone but I've been under so much pressure lately - that's might explain the agressiveness in my writings- I'm not saying that I'm not wrong, because I'm and I'm sorry and please accept my apology.

Savatage

Savatage wrote:

If you're talking about post dated checks it really depends on how your business handles them not Navision.

For example we put our post dated checks in a safe until the date comes then we enter it & deposit it.
- so I'm not really sure what you're asking. :-k

Tim81 wrote:

So, where is the question?? You can do more operations than you need, can't you? What is the problem? What do you want to know? If you don't want to post a check, don't do it. If you don't want to post directly to a bank account... don't do it. Thats the solution.

I think that's what my first response was kind of referring to. Are you worried how a bank handles money you don't really have yet?

whyaskqcn

Hi,
Alternative actions you may also take.
1) Enter as cash receipt and hold posting until the cheque is cleared.
2) Enter as cash receipt and do not apply against invoices. Post the batch and apply against invoices only after the cheque is cleared.
3) Enter cash receipts, applied against invoices

What date to take as posting date is up to you.

If the cheque bounces, create a refund entry.

Hope above helps..... Weather is rather cool now \:D/

Dr_mjh

That's exactly what I mean my friend. that there is no special window or specific way to deal with post dated checks in Navision.
Post dated checks by financial definition shouldn't be posted directly to the bank account before the due date actually it shouldn't be posted at all till the due date. Thanks everyone. It is disappointing that standard Navision doesn't handle PDC in correct manner but the bright side is it is easy to fix.

Dr_mjh

That's exactly what I mean my friend. that there is no special window or specific way to deal with post dated checks in Navision.
Post dated checks by financial definition shouldn't be posted directly to the bank account before the due date actually it shouldn't be posted at all till the due date. thanks everyone. It is disappointing that standard Navision doesn't handle PDC in correct manner but the bright side is it is easy to fix.

christy

Hi everyone, I would like to check on one more question regarding how navision handle aging issues for post dated checks if my scenario as below:
1. Posting without applied against invoices --> after posting navision will convert into cash journal, so if I apply against invoices later once the cheque is cleared. The aging will captured which date into consideration?

So far for post dated cheque, there was 2 different dates : Check Date and Date Received (If during posting of post dated cheque I fill in as blank), for my understanding it should be taken date received since the cheque should cleared by its due date.

And I am having doubt on where can I entering posting date, since I could not find any posting date field for me to key in post dated checks option.

Thanks and wish if anybody experience this before can share his/her experience with me.

smkolsoft

PDC and Leter of Credit are extensively used in Middle-east.
We have developed some functionality for the above two.
If anybody is interested we can share it.

Thanks

vyanku

Is it possible?
If we create one table for PDC which contains all postdated checks.
Now when the due date of any check is equal to work date then that check is shifted from PDC table to Payment journal to post.

muksha

You can make one aditional table and form for entering the PDC functionality. The same entries can be called from voucher journal form, may be on the daily basis. On getting the record in PDC table the journal will fill up with entries to be posted on the current date.