This activity is used to recognize payment and create vouchers for Post-dated Checks, by using Post-dated check generic functionality, once the payment date is reached. Upon executing the Set Status to Created command, the Post-dated Check status is changed to Created. The matched invoices' status is changed to Paid Posted and the customer claim from the invoices (IP2) is removed.
However, a new customer claim appears (PP28)
which is represented by the entered open Check. If the Check is not
completely matched with invoices, the remaining unmatched part is stored as
a payment on account or as a different item, which can later be matched with
invoices in the Customer Offset function. After voucher creation, the Check
will be in Created status, and the open Check will be found in the AR ledger
with its Series ID and number.
This activity requires that the customer Post-dated
Check has been entered and in status Preliminary.
When a check is changed to Created,
the status of all matched invoices is changed to PaidPosted,
and an Open Customer Check ledger item is created with the full Check
amount. If the Check is not fully matched, the remaining part will create a
new Payment on Account or a Difference Item with the unmatched amount. A
voucher will be created in the hold table in IFS Accounting Rules.