This chapter contains the following sections: You can maintain the drawer status details using ‘Drawer Status Maintenance’ screen.
You can invoke this screen by typing ‘PDDDWRST’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
Trading or Bartering Using Accounts Receivable and Accounts Payable Have you ever had a customer who wants to trade what is owed to your company for a service or item you purchased from him/her?
If you record such transactions with the method described below, you have a more accurate picture of total income and expenses, even though the net effect on your income statement is zero.
Customer Identification Specify the customer Id if the drawer belongs to the same bank. Liability Identification The system displays the liability Id if the drawer is a bank customer. However If drawer is bank’s customer, then the name will get defaulted here.
This adjoining option list displays all valid customer ids maintained in the system. However you can specify the liability Id for a drawer, when a cheque discounting transaction is input, the limit utilization for the drawer will be tracked against this liability. This adjoining option list displays all valid drawer statuses maintained in the system. Drawer Black Listed The system defaults this field.
Specify the following details: Reject Code Specify a unique reject code.
This code can be used to identify the reason for rejecting or cancelling a post dated cheque. Once you have captured the details, save the maintenance.You can invoke this screen by typing ‘PDDDWRMT’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.You can enter the following details: Drawer Identification Specify a unique drawer Id here.This adjoining option list displays all valid branch codes maintained in the system. Liability Account Specify the customer liability account/PDC settlement account. To view the joint holder’s details of an account and the mode of operation maintained at the account level, place the cursor on the Liability Account Number field and press Ctrl J. Liability Account Currency Specify liability account currency.This adjoining option list displays all valid customer accounts maintained in the system. Total Available Amount The system displays the total available balance inclusive of limit amount, for the selected account.Recording Bad Debt Unfortunately, there are times when someone doesn’t pay an invoice and we need to write off the transaction as bad debt.