Paid Cheque

Cheque on-hand is cheques waiting for clearing. In the Netforce system, cheques can be created in the supplier payment module by selecting a cheque account. After posting the payment, the system will create a cheque in status on-hand.

Make a payment paid by cheque

Select cheque account when making a payment in payment module.
After posting payment that paid by cheque, the system generate cheque on-hand status.

Journal entry of the payment:

Dr. Expense or Account Payable

Cr. Cheque on Hand

Paid cheques On-Hand

To see cheques go to the menu: Cheques >> Paid Cheques. Select On-Hand status

The status of cheque has changed to Posted after post cheque form “Cheque Honor Payment”