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Issuance of Post dated Checks (PDC)

edited Jan 30, 2019 4:30PM in Payables, Payments & Cash Management 4 comments

Summary

Issuance of Post dated Checks (PDC)

Content

Hi,

We have business scenarios that we are giving Post dated Checks (PDC) to our some customers while the time of receiving items as part of the agreement and contact.

Now How can we deal with Post dated cheques (checks ) in Oracle without booking liability.

PDC Checks  End of Each Month for 12 Month like from Jan-18 to Dec-18

We are doing agreement with Supplier and we are providing them 12 PDC Checks will be cleared end of each month. But at the time of printing of checks there is no accounting impact.

  • We can't create prepayment as this is not prepayment

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