Hi All
I want to configure Post-Dated Check is it possible or not???
If Possible Plz send me the configuration step by step.
Solution
Yes, Post-Dated Checks (PDC) can be configured in SAP. Please follow the steps below to configure and process post-dated checks:
1. Activate Post-Dated Checks Functionality
Please follow the SAP IMG Path:
SPRO → Financial Accounting (New) → Bank Accounting → Business Transactions → Payment Transactions → Post-Dated Checks.
Next, activate the functionality: Define Global Parameters for Post-Dated Checks by clicking the box to enable post-dated checks.
2. Define Number Ranges for PDC Documents
To define the number ranges for PDC document goto following SAP Img path:
SPRO → Financial Accounting (New) → Bank Accounting → Business Transactions → Payment Transactions → Post-Dated Checks → Define Number Ranges for PDC Documents.
Create a number range for the post-dated checks. This will be used when the PDC documents are generated.
3. Define PDC Payment Terms
Navigate to following SAP IMG path to define PDC Payment Term:
SPRO → Financial Accounting (New) → Accounts Receivable and Accounts Payable → Business Transactions → Outgoing Payments → Payment Terms.
Create or modify the payment terms, including the computation of the due date, to match the terms of the post-dated check.
4. Assign Document Types for PDC
SPRO → Financial Accounting (New) → Bank Accounting → Business Transactions → Payment Transactions → Post-Dated Checks → Assign Document Types for Post-Dated Checks.
Assign the relevant document types for:
- Incoming PDCs
- Outgoing PDCs
- Clearing of PDCs
5. Configure Posting Rules
SPRO → Financial Accounting (New) → Bank Accounting → Business Transactions → Payment Transactions → Post-Dated Checks → Define Posting Rules for PDCs.
Set up the posting rules for:
- Receipt of PDCs
- Issuance of PDCs
- Clearing on the maturity date
6. Update House Banks and Accounts
Make sure that the relevant house bank accounts are set up to manage post-dated checks.
SPRO → Financial Accounting (New) → Bank Accounting → Bank Accounts → Define House Banks.
Link the PDC clearing account in the house bank setup.
7. Process PDC Transactions
Once the configuration is done, you can process PDC transactions using the following transactions:
a. Recording a Post-Dated Check:
- Use F-28 for incoming payments (customers) or F-53 for outgoing payments (vendors).
- Select the PDC payment method during document entry.
b. Clearing a Post-Dated Check on Maturity:
- Use FPDC (Post-Dated Check Monitoring) to review and process checks due for clearing.
- Post clearing using the predefined posting rules.
8. Monitoring PDCs
- Use the report S_ALR_87012178 for the PDC overview.
- Alternatively, run t-code FBL1N (Vendor Line Items) or t-code FBL5N (Customer Line Items) to monitor post-dated checks.
Notes:
- PDC Customizations: Ensure your payment methods in the country settings (T-code FBZP) include PDC as an option.
- Authorizations: The users involved in PDC processes should have appropriate roles for handling checks.