How to Manage Post Dated Cheque PDC in Odoo 18 Accounting | Odoo 18 Accounting Tutorials | Odoo 18

Channel:
India Cybrosys Technologies
Subscribers:
28,000
Published on ● Video Link: https://www.youtube.com/watch?v=0-vc5lZE6fY


Game:
Accounting (2016)
Duration: 0:00
192 views
3

1. Understanding PDC Workflow
A Post Dated Cheque (PDC) is a cheque issued with a future date. It should not be considered as received cash until the date arrives and the cheque is cleared by the bank.

Basic Workflow in Odoo 18
Receive the PDC – Record it as a pending transaction.
Hold in a Suspense Account – The cheque amount is stored in a temporary (PDC) account.
Deposit on Due Date – Move it to the actual bank account when the cheque is cleared.
Handle Bounced Cheques – If the cheque bounces, reverse the transaction.

2. Configuring PDC in Odoo 18
Step 1: Create a PDC Journal
Go to Accounting -- Configuration -- Journals.
Click Create, and set:
Journal Name: "Post Dated Cheques"
Journal Type: Bank
Default Debit Account: Create a new "PDC Receivable" account.
Default Credit Account: Your bank account (for clearing).
Step 2: Create PDC Receivable Account
Go to Accounting -- Configuration -- Chart of Accounts.
Click Create, and enter:
Account Name: PDC Receivable
Account Type: Asset (Current Assets)
Code: (e.g., 110010)
Step 3: Record a PDC Payment
Go to Accounting -- Customers -- Payments.
Click Create:
Customer: Select the paying customer.
Amount: Enter cheque amount.
Payment Method: Choose "Post Dated Cheques" journal.
Payment Date: Enter the cheque date.
Memo: Add cheque details for reference.
Click Confirm (this moves the amount to PDC Receivable).
Step 4: Clear the PDC on Due Date
Once the cheque date arrives, create a Bank Entry:
Debit: Bank Account
Credit: PDC Receivable

#Odoo18 #OdooAccounting #PDC #PostDatedCheques #AccountingTutorial #OdooTutorial #OdooNewFeatures #OdooReleaseDate #BusinessAccounting #FinancialManagement #ERP #AccountingSoftware #SmallBusiness #EnterpriseSoftware #Odoo18 #Odoo18Accounting #Odoo18Tutorials #Odoo18NewFeatures #PostDatedCheque #OdooAccounting #Odoo18ReleaseDate #PDC #Odoo18AccountingTutorials

Connect With Us:
—————————————
➡ ️ Websitehttps://www.cybrosys.com/m/
➡ ️ Email: info@cybrosys.com
➡ ️ Twihttps://twitter.com/cybrosysosys  
➡ ️ Lihttps://www.linkedin.com/company/cybrosys/brosys  
➡ ️ https://www.facebook.com/cybrosystechnologiesnologies  
➡ ️ https://www.instagram.com/cybrosystech/brosystech  
➡ https://pinterest.com/cybrosys/  / cybrosys  
This moves the amount from the PDC Receivable account to the actual bank account.
Step 5: Handling Bounced Cheques
If a cheque bounces, reverse the transaction and notify the customer.
Use a separate account for bounced cheques to track bad debts.



Other Videos By Cybrosys Technologies


2025-03-15Exports: Default Fields in Odoo 18.2 | Odoo 18.2 Tutorials | Odoo 18.2 New Features | Odoo 18.2
2025-03-14Replying to or Forwarding Specific Messages in Odoo 18.2 | Odoo 18.2 Tutorials |Odoo 18.2 Sales
2025-03-14Deadline Field in Odoo 18 2 Todo Lists | Odoo 18.2 Tutorials | Odoo 18.2 Todo Lists Tutorials
2025-03-13Portal User Address in Odoo 18.2 | How to Manage Portal User Addresses in Portal | Odoo 18 Tutorials
2025-03-13Expected Features in Odoo 19 | Techtonic - Odoo 19 Upcoming Features | Odoo 18.1 & 18.2 New Features
2025-03-12Folding Off Hours in Gantt View in Odoo 18.2 | Odoo 18.2 Tutorials | Odoo 18.2 Gantt View | Odoo 18
2025-03-11Kanban Cards : Mass Action in Odoo 18.2 | Odoo 18.2 Tutorials | Odoo 18.2 Kanban View | Odoo 18
2025-03-11How to Add or Remove Followers From Multiple Records at Once | Follower Management in Odoo 18.2
2025-03-10Contacts : "Mobile" Field in Odoo 18.2 | Odoo 18.2 Tutorials | Odoo 18.2 Update | Odoo 18 Contacts
2025-03-10How to Create Opening Balance in Odoo 18 | Odoo 18 Accounting Tutorials | Odoo 18 Tutorials
2025-03-08How to Manage Post Dated Cheque PDC in Odoo 18 Accounting | Odoo 18 Accounting Tutorials | Odoo 18
2025-03-07How to Configure Customer Rating in Odoo 18 Helpdesk | Odoo 18 Helpdesk Tutorials | Odoo 18 Tutorial
2025-03-07Overview of Odoo 18 Helpdesk Reports | Odoo 18 Helpdesk Tutorial | Odoo 18 Functional Tutorials
2025-03-06How to Create Automatic Transfers in Odoo Accounting | Odoo 18 Accounting Tutorials | Odoo 18 Videos
2025-03-05Overview of Chatter in Odoo 18 | Odoo 18 Chatter Tutorials | Odoo 18 Functional Tutorials | Odoo 18
2025-03-05How to Configure Referral Points in Odoo 18 Referral | Odoo 18 Referral Tutorials | Odoo 18 Tutorial
2025-03-04How to Create Certifications in Odoo 18 Employees | Odoo 18 Employee Tutorials | Odoo 18 Tutorials
2025-03-03How to Manage Sales Team Reporting in Odoo 18 CRM | Odoo 18 CRM Tutorials | Odoo 18 Tutorials
2025-03-03How to Manage Scheduling Activities in Odoo 18 CRM | Odoo 18 CRM Tutorials | Odoo 18 Tutorials
2025-03-01How to Manage Inventory Movement in Odoo 18 POS | Odoo 18 POS Tutorials | Odoo 18 Inventory Tutorial
2025-02-28Overview of Off Boarding in Odoo 18 Employees | How to Manage Off Boarding in Odoo 18 | Odoo 18


Other Statistics

Accounting Statistics For Cybrosys Technologies

Cybrosys Technologies currently has 205,059 views spread across 93 videos for Accounting. Roughly a days worth of Accounting videos were uploaded to his channel, or 6.34% of the total watchable video on Cybrosys Technologies's YouTube channel.