SAP Business One PDC

SAP Business One PDC Solution is designed to manage Post-dated cheques that are very common in industries and have a significant impact in the accounting system. There are several challenges that quite often occurs in handling cheques and in order to eliminate such challenges, we have come up with PDC Solution to provide a simpler and better cheque management system.

A post-dated cheque is a scenario, where the cheque issuer has stated a date later than the current date. A post-dated cheque is used under the two prevailing situations:

Deliberate payment delay. The issuer does this in order to delay payment to the recipient, while the recipient may accept it simply because the cheque represents a firm date on which it will be able to deposit the cheque. This situation represents a risk to the cheque recipient. Since the passage of time may result in there being no cash left in the issuer’s bank account to be used to pay the amount listed on the check when it is eventually presented to the bank for payment.

Collection Method: The recipient may require the issuer to hand over a set of post-dated checks to cover a series of future payments, which the recipient agrees to cash on the specified dates. This approach is used to improve the odds of being paid, especially when the issuer has little credit.

From the perspective of the cheque issuer, there should be no journal entry to record the reduction in cash until the date listed on the cheque. From the perspective of the recipient, there should be no entry to record the increase in cash until the date listed on the cheque. Thus, the date on the cheque effectively postpones the underlying accounting transaction.

✓ Barcode Scanning.
✓ GRPO Standalone.
✓ GRPO against Purchase order.
✓ Goods Receipt.
✓ Sales invoice normal.
✓ Sales invoice intercompany.
✓ Stock Transfer.
✓ Handle last Purchase price.
✓ Auto creation of Inventory and marketing Document Creation by PDT.
✓ Internal Stock movement and Sales.

Key Benefits

SAP Business One PDC Solution has various functions and features that benefits and enhances process efficiency:

✓ Activate Bank in Transit.
✓ Activate Cheque Discounting.
✓ Default PDC Discounted Bank A/c.
✓ Default PDC Margin Deposit A/c.
✓ Default Interest A/c.
✓ Incoming Payment series and other series.
✓ Banking for Incoming & Outgoings Payments.

Transactional Window

✓ PDC Received (Incoming).
✓ PDC Payment (Outgoing).
✓ PDC Discounting (Incoming).
✓ PDC Incoming Deposit.
✓ PDC Payment Deposit.
✓ SAP Incoming Payment.
✓ SAP Outgoing Payment.
✓ PDC Reconciliation.
✓ Manage Previous PDC reconciliation.

Reports

✓ Business Partner statement-PDC.
✓ BP Aging Customer.
✓ BP Aging Suppliers.
✓ Cheque Expiry.
✓ Cheque Cancelation.

✓ Cheque in Hand.