Cheque Receive or Receipt full process in Retail POS Accounts

During the customer receipt or any other ledger receipt entry user will receive cheque from specific ledgers with cheque date (PDC). For cheque transaction will be selected only when customer hand over the cheque to user for payment receipt.

Business rules

• System should have the following screens for track cheque flow properly,
  • Payment entry – To give the cheque to ledgers or suppliers.
  • Receipt entry – To receive the cheque from the ledgers or customers.
  • Cheque deposit – To update the cheque deposited date.
  • Cheque bounce – To update the entry if the received cheque is bounced while deposit at bank.
  • Cheque represent – When the same bounced cheque number is received again from the ledger or customer.
  • Cheque track – To view the cheque number’s current status.
  • Cheque in transit – To view the cheque numbers which is used in payment and not cleared.
  • Cheque printing – To print the given cheque number in print.
  • Bank reconciliation statement – To update clear date to cheque and view the all the bank transactions.

Cheque receive or receipt full process in retail POS accounts workflow