Bank - Unpresented Cheque b/f        

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If your company was previously using other accounting software or upgraded from Realtimme Foxpro version to the Realtimme cloud version,
you probably will have some cheques issued out (GL or AP ) but not cleared as yet in current month.

 
If you have cheques issued to suppliers (or bank in from customer ) in your last financial period, yet to be presented in the last financial month (bank statement) when you commence your Realtimme cloud system, you can enter the cheques and the amount into Realtimme system to be reflected during your first month of the bank reconciliation in Realtimme.

: Unpresented cheque brought forward                           How to do monthly bank reconciliation  

 


How to enter Unpresented Cheques from last financial period?

For illustration purpose, assuming you want to start the Realtimme Cloud system on 1st April 2021 and your outstanding bank uncleared from earlier date until 31st March 2021 is to be entered as opening balances.

For Unpresented payment,  (Assuming you have the following cheques issued to your suppliers but not presented) as at 31/03/2021
 
(see also Unpresented Receipt)

Unpresented Cheque as at  31st March 2021

Dated

Amount

OCBC 345678                                            

14/01/2021

345.45

OCBC 345691

29/02/2021

17,300.00

OCBC 345701

04/03/2021

10,000.00

OCBC 345702

16/03/2021

200.00

OCBC 345704

30/03/2021

300.00

OCBC 345710

31/03/2021

77,885.58

OCBC 345713

31/03/2021

8,456.46

OCBC 345714

31/03/2021

2345.00

At [A/c Entry], click [Payment]

 

Follow the steps in [01] to [11]

No posting will be updated to the accounts as the Type [ Opening ] is selected.

This entry will only appear during the Bank Reconciliation in April 2021 onwards.

 

Note :

1) If the payment is made to supplier (Accounts Payables) in your last financial period, for unpresented cheques opening balance purposes, it will be entered as GL(General ledger) payment

 

2) Make sure that the Transaction  date is within your financial period "0" or your previous financial period.

 

 

If the date is after the financial period "0" , a message below will be shown.

 

See next topic 24b, Unpresented Receipt ,

       or go to Topic 25 : Customer Opening balances brought forward

 or Back to Getting Started


 

 

Related Topics

Opening balances - Customer (Debtors)

 

Opening Balance - Supplier (Creditors)

 

Opening Balances - GL

 

Getting Started  

 

Returned Cheque - By Customer

 

 

Watch all videos:

Returned Cheque - company's cheque

http://realtimme.cloudapp.net/basic/index.html?Opening_Balance_Bank_BF.htm