Cash Customer Check

Explanation

The Cash Customer Check activity is used to report Checks received from customers that have been cashed. This applies specifically if the check was posted to a cash account when sent to the Payment Institute for cashing. As a basis for reporting, use the payment institution's confirmation that the Check was cashed. When the Check is cashed, a voucher is generated with postings to cash account. The status of the Check is changed to Cashed.

Prerequisites

This activity requires that a customer exist, and Customer Checks have been entered.

If a check is included in a Check Cashing Proposal, the Check Cashing Report Proposal must be in Acknowledged status and the Check Cashing Report be Printed and sent to a Payment Institute for cashing.

System Effects

When the Cash Customer Check transactions is approved, the transit account (PP35) is credited while the cash account (PP1) is debited, and the status of the Check is set to Cashed.

Window

Customer Check

Check Cashing Proposal

Related Window Descriptions

Customer Check

Check Cashing Proposal

Procedure

To Cash Customer Check:

1. Open the Customer Check window and use either Populate or Query to look for the Check you want to cash.
2. Select the right mouse button function Cash Check. Click Save.

To Cash a Check included in a Check Cashing Proposal

1. Open the Check Cashing Proposal window and either Populate or Query to look for the Check Proposal you want to cash.
2. Select the right mouse button function Print Check Cashing Report. If in Payment Documents, Use Interim 'Cash Account when Cashing on Due Date' for Customer Check is not selected the checks will get cashed when printed.
3. If in Payment Document, 'Use Interim Cash Account when Cashing on Due Date' for Customer Check is selected, the proposal has to be cashed through Mixed Payment, Acknowledge Customer Check Cashing.