Bank Receipts

Hi,

Our customer has following requirements:

They receive Post dated checks(PDC) from their customers. Some of these checks are deposited into the bank so that they can enjoy Overdraft facilities etc from bank. Other checks are kept with them. Also alongwith the PDCs they also receive normal checks from their customers.

What they want is they should be able to track the checks with the GL Codes. They are looking at following entries:

Incase of PDCs:

1) On receiving Checks from Customer:

Onhand Checks A/c Dr

   To Sundry Debtors A/c

2) On Remittance to Banks:

Checks under Collection  A/c Dr