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  11. Future dated receipts

Future dated receipts

Future dated receipts allows payments with a future date. Debtors pay with a future dated cheque or a promissory note which is entered under a new payment type. 

When the future date is reached the user can invoke this program to select the future dated payment type and convert them into a normal banking transaction to be included in the days banking.

  1. In the menu, expand Base Modules > Distribution > Debtors & Claims > Accounts Receivable > Entry  and then double-click Debtor Future Dated Receipts. ARE008A Future Dated Receipt panel appears.
View the fields on this panel
Field Description
Company  Company for the future dated transaction. 
Payment type  This is the future dated payment type as defined in TMSAR/BK-PAYF. 
Company bank  Indicate the bank to which the payment received is to be deposited. Bank codes can be set up for various Payment Types such as credit card payments (with bank codes for every type of credit card), foreign currency payments, cash with orders etc. 
  1. Enter the above information, as necessary.
  2. Click OK. ARE008A Future Dated Receipt panel with list of payments due in the future appears.
 If you want to… Then…
Process future dated payments

From the selected list of payments,

  1. Select the payment that needs processing.
  2. Click option Process receipt.
Note This will reverse the original future dated receipt and create a normal payment transaction which will be included in the bank deposit slip for the days banking. 
Cancel future dated payments

From the selected list of payments,

  1. Select the payment that needs to be cancelled
  2. Click option Cancel receipt.
Print future dated receipts report 
  1. In the menu, expand Base Modules > Distribution > Debtors & Claims > Accounts Receivable >A/R Reports > Reports  and then double-click Debtor Future Date Reciept Report. ARR270 Outstanding Future Dated Receipts Report selection panel appears.
  2. Enter the selection criteria; Company, Payment type and the sort sequence and selection range.
  3. Click OK to run the report.
Print future date receipts paid early report 
  1. In the menu, expand Base Modules > Distribution > Debtors & Claims > Accounts Receivable >A/R Reports > Reports  and then double-click Debtor Future Rec Due Report. ARR271 Future Dated Receipts Paid Early Report selection panel appears.
  2. Enter the selection criteria; Company, Payment type, Cutoff period and the sort sequence and selection range.
  3. Click OK to run the report.

 

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