| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 409 |
| Technical Name |
pdc |
| License | OPL-1 |
| Website | http://www.axiomworld.net/ |
| Versions | 13.0 16.0 17.0 14.0 15.0 |
Post Dated Cheques (PDC) Management
Post Dated Cheques (PDC) Management
This module is used to manage both the Incoming and Outoing Post Dated Cheques.
Description
Description
A post-dated cheque is one that the recipient can only encash on a date in future. Such cheques are not payable until the date mentioned on the face of the cheque. Managing accounts using post-dated checks is very complex and important, as it has significant bearing on the servicing operations. If the PDCs due for clearing are not sent as required, the repercussions are huge. The lending institution loses its payment from the customer and may levy penalties such as late fees and insufficient funds charges which can lead to customer dissatisfaction. Hence, the utmost care should be taken while servicing the Line of credit accounts using PDC.
Exploring the module: (How to)
Exploring the module: (How to)
Incoming Cheque
Incoming Cheque
Menu Path: Accounting > PDC > Incoming Cheque
To receive the PDC, user will navigate to above mentioned path and will be required to fill in the following information:
- Name: User will enter the name of the cheque
- Bank Account: User will select the Bank Account Number
- Cheque Number: User will enter the Cheque Number
- Payer: User will select the Payer from whom cheque is being received
- Payment Journal: User will select the Payment Journal. It will be the Bank Account in which cheque will be deposited
- Cheque Date: User will select the cheque date
- Cheque Receive Date: User will select the cheque receive date. It is the date on which cheque is received
- In invoice Tab, User will select the Invoice against which Cheque is being received by clicking add a line
All open invoices of the selected payer will be shown for selection as shown below.
User will select the relevant invoice and click select button
User will click Save Button and PDC will be created and its state will be changed from Draft to Registered
When Cheque is presented at bank, User will click the Deposit button and as a result PDC state will be changed from Registered to Deposited as shown below
Now, Bounced / Transferred / Returned / Cancel Button shall appear. User will have to click the relevant button as the case may be
When the Cheque is cleared, user will click the Transferred Button and as a result a payment against the selected invoice will be automatically generated as shown below and Sate of PDC will be changed to Done
Accounting Entry:| Description | Dr | Cr |
|---|---|---|
| Bank | XXXX | |
| Receivable | XXXX |
If a cheque is bounced, user will click the Bounced Button and as a result state of PDC will be changed to Bounced as shown below
If a cheque is returned, user will click the Return button and as a result PDC state will be changed to Returned as shown below
Outgoing Cheque
Outgoing Cheque
Menu Path: Accounting > PDC > Outgoing Cheque
To make a payment through PDC, user will navigate to the above mentioned path and will be required to fill in the following information
- Name: User will enter the name of the cheque
- Bank Account: User will select the Bank Account Number
- Cheque Number: User will enter the Cheque Number
- Payer: User will select the Payer from whom cheque is being received
- Payment Journal: User will select the Payment Journal. It will be the Bank Account in which cheque will be deposited
- Cheque Date: User will select the cheque date
- Cheque Receive Date: User will select the cheque Given date. It is the date on which cheque is given
- In invoice Tab, User will select the Invoice against which Cheque is being given by clicking add a line
All open invoices of the selected vendor will be shown for selection as shown below.
User will select the relevant invoice and click select button
User will click Save Button and PDC will be created and its state will be changed from Draft to Registered
When Cheque is presented at bank, User will click the Deposit button and as a result PDC state will be changed from Registered to Deposited as shown below
Now, Bounced / Transferred / Returned / Cancel Button shall appear. User will have to click the relevant button as the case may be
When the PDC is cleared, user will click the transferred button and as a result a vendor payment will be automatically generated and PDC state will be changed to Done
Accounting Entry:| Description | Dr | Cr |
|---|---|---|
| Payable | XXXX | |
| Bank | XXXX |
If a cheque is bounced, user will click the Bounced Button and as a result state of PDC will be changed to Bounced as shown below
If a cheque is returned, user will click the Return button and as a result PDC state will be changed to Returned as shown below
Suggested Products
Suggested Products
All Products
Odoo Services
Odoo Implementation
Odoo Customization
Odoo Suport & Maintenance
Support
Say hi to us on WhatsApp!
+92 321 3784673
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
Please log in to comment on this module
Report comment
Any abuse of this reporting system will be penalizedThere are no ratings yet!
Odoo Community V14 compatibility and Demo Server?
Is it compatible with Odoo Community V14
can you provide use with demo server to test the module
Re: Odoo Community V14 compatibility and Demo Server?
Yes it is