Payment Document Management – Post Dated Checks

 

Few months ago, I have activated Payment Document Management module for one of my clients here in Jordan to manage their post dated checks, as they have around 200 post dated checks received daily!

The customer enjoyed working on the module and had their checks managed properly with a little limitation as below:

When you do a remittance, the system posts the bank transfer and journal entry per remittance and based on the remittance date, which make it a very hard task and might be undoable to do bank reconciliation by the end of the month.

In the normal business scenarios the customer deposits the payment document in the bank and will notice the effect the next day. However, the bank will include the payment in the statement ordered by the check due date and check by check, this makes it a very hard task to reconcile bank statement with GP specially when you have a big number of payment documents on daily basis.

After working on the module for a couple of months, they been unable to proceed and back to their old utility due to this limitation.

I wanted to share this limitation with the community to be aware that this cannot be done out of the box and would like to encourage you to vote on this to be implemented in the upcoming releases using CONNECT.

Please click on this link to vote.

Regards,

Mohammad R. Daoud MVP – MCT
MCP, MCBMSP, MCTS, MCBMSS
+962 – 79 – 999 65 85
me@mohdaoud.com
www.mohdaoud.com

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About Mohammad R. Daoud
Mohammad R. Daoud has been working as a Microsoft Dynamics GP consultant since 2004. His career path started with version 7.5; he studied every single tip of the application technicalities and did allot of successful implementations that includes functional consultations, analysis, and custom development projects. He holds a graduate degree in Computer Science and currently he is pursuing MBA degree in Accounting. In January 2007 he was nominated to the Microsoft Most Valuable Professional (MVP) certificate and was certified in April 2008 due to his online contributions in the Dynamics Community (Dynamics GP Newsgroups, Forums, User Groups and his blog: http://mohdaoud.blogspot.com). Worth to mention that he was also listed as one of the Microsoft Dynamics Top 100 Most Influential People in 2009 by DynamicsWorld. And more... • Demonstrated Passion for MS Products through participating in beta testing for some product versions, an effective member of Microsoft Connect. • Talented in securing strong high quality relationships with premier customers, partners and sales teams passionately and profitably. • Dedicated to meeting the expectations and requirements of internal and/or external customers • Problem Solver – Uses systematic approach to uncover true problem(s) and practical solution and can marshal resources to solve problem! • Proven record of effective account management, including Account Planning, Opportunity Management, and Business Management Excellence and working as part of a larger virtual team • Successful in delivering high quality technical engagements in the enterprise Dynamics GP implementations area according to customer requirements. • Dedicated, Committed, Self Motivated, Creative and highly focused with excellent communication, Negotiation, presentation, Active Listening and Objection Handling skills. • Experienced in Profitable researches and studies including white papers and technical presentations.

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