I hope you got an idea about to PDC Report.
For further clarification, send your queries to Support@fresatechnologies.com because our motto is to help customers.
www.fresatechnologies.com – Your one-stop solution for freight software needs.
A post-dated check is a check on which the issuer has stated a date later than the current date. A post-dated check is used in the following situations:
Deliberate payment delay. The issuer does this to delay payment to the recipient, while the recipient may accept it simply because the check represents a firm date on which it will be able to deposit the check. This situation represents a risk to the check 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 check issuer, there should be no journal entry to record the reduction in cash until the date listed on the check. From the perspective of the recipient, there should be no entry to record the increase in cash until the date listed on the check. Thus, the date on the check effectively postpones the underlying accounting transaction.
Here you can learn about the steps to take the PDC report.
1. Login with Fresa Gold, Navigate to Accounts module, select General Accounts menu (Fig.1)
Fig.1
2. Select the PDC Report (Fig.2).
Fig.2
3. Enter the To Date and Type and Organization, once entered click Submit option, it will list all the PDC report vouchers (Fig.3).
Fig.3
4. To download the report, click the Options button and Download, the report will download in Excel or CSV (Fig.4).
Fig.4
I hope you got an idea about to PDC Report.
For further clarification, send your queries to Support@fresatechnologies.com because our motto is to help customers.
www.fresatechnologies.com – Your one-stop solution for freight software needs.