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How to pass the entry for PDC Receive in Marg Books?
Overview/Introduction to Post Dated Cheques in Marg Books
Process of PDC (Receive) in Marg Books
Process to Deposit Cheque into Bank in Marg Books
Process to View Posted PDC in Marg Books
OVERVIEW/INTRODUCTION TO POST DATED CHEQUES IN MARG BOOKS
- Post Dated Cheque in Marg Books is used when the customer gives the user an advance cheque. So whenever the user will generate the sale bill or creation of any outstanding then the user will deposit that cheque and can receive the amount against it.
- Post Dated Cheque is similar to Advance cheque but there is a bit different like in PDC there is a post date or some amount is mentioned but Advance Cheque is totally blank.
PROCESS OF PDC (RECEIVE) IN MARG BOOKS
- Firstly, Go to Accounting Transaction >> P.D Cheques/Cash (+).
- A PDC Receipt window will appear.
- Press 'Enter' to select party.
- A Ledgers window will appear in which the user will select the ledger/party name as per the requirement.
- Suppose select 'Rahul'.
- In ‘Entry date’ the user will enter the date on which PDC was received.
- Suppose enter '01/07/2021'.
- Now the user will select the Instrument Type i.e. Cash or Cheque as per the requirement.
- Suppose select 'Cheque'.
- Now the user will enter the cheque number.
- Suppose enter 'AB7895'.
- Now here in ‘Amount’, the user will enter the amount.
- Enter the Short amount (If any).
- Thereafter a Bill adjustment window will appear in which the user will select that bill against which the PDC cheque was received.
- Then click on 'Save' tab.
- A Bank detail window will appear.
- Enter the name of the bank and branch.
- Click on 'Save'.
- Similarly, the user will create the more PDC receipt entry.
- Then click on 'Save' to save the transaction.
PROCESS TO DEPOSIT CHEQUE INTO BANK IN MARG BOOKS
When depositing the cheque in bank then the user has to fill a slip in which the user has to mention the name of the bank, the branch, account number, date and party details. This process almost takes 4-5 minutes and if there are cheques 40-50 cheques, then it will take almost one hour & chances of mistakes are increased.
Bank has provided book type format in which this process is easy and can complete the process in 1-2 minutes.
- Go to Banking >> PDC Cheque >> Pay in slip (+).(Click on + sign)
- A ‘Bank Paying Slip’ window will appear.
- Enter the deposit date on which the user will deposit the cheque.
- Cheques up to, of which date the user is depositing the cheque in bank.
Select bank to deposit the cheques from the drop down.
- Suppose select 'ICICI Bank'.
- In slip no, enter the slip no. manually.
- Those cheques that have been received in PDC are shown here.
- Select the cheques by tick in the checkbox which needs to be posted.
- In order to select all cheques, the user will tick the check box of Party name.
- Then click on 'Post' tab to post the cheques.
After following the above steps, all the PDC cheques will be posted into the bank.
PROCESS TO VIEW POSTED PDC IN MARG BOOKS
- Go to Banking >> PDC Cheque >> Pay in slip.
- A Paying Slip Posted window will appear.
- Now the user will select the Bank as per the requirement.
- Press 'Enter' on it.
- Now keep pressing 'Enter' on it.
- The user can now view the cheques that were deposited.
Note: In order to un-post the posted cheques, the user will un-tick the check box of that cheques which needs to be un-posted then click on 'Un-post' tab.
