Well if you sale and payment is receive via post dated cheques its easy. The amount remains an AR in your system until you really receive a money in the bank. You can have a scheduled transaction setup for cheque payment on the due date.
But in general for post dated cheque doesn't mean payment has been received. It just means the payment would be done on the date the cheque can be encashed. So in Financials you can have a screen for the same. On your order entry side do not input any received money since you really did not receive a cash it remains in AR automatically until the cash is received. Its more of an accounting question where you want to record the post dated cheques rather then a question of handling post dated cheques in ofbiz. Indeed in any other ERP the post dated cheques would be handled the same. -----Original Message----- From: Manpreet Saini [mailto:[EMAIL PROTECTED] Sent: Wednesday, August 15, 2007 5:33 PM To: [email protected] Subject: Re: Goods on Consingment basis Thanks Vikrant for your inputs, but I'm looking for handling the sales payment cheques not the purchase payment. Regards, Manpreet On 8/15/07, [EMAIL PROTECTED] < [EMAIL PROTECTED]> wrote: > > To clarify the details the flow should be like this: > 1. The post dated cheque as against an accounts payable. > 2. You can issue a payment for the same and then use scheduled transaction > in financials from opentaps to schedule the posting of this entry to GL on > the date of cheque. > 3. You can then later do a bank reconciliation which is easy with > financials in opentaps. > > Regards, > Vikrant > > > -----Original Message----- > From: Manpreet Saini [mailto:[EMAIL PROTECTED] > Sent: Tuesday, August 14, 2007 8:40 PM > To: [email protected] > Subject: Re: Goods on Consingment basis > > Thanxs for the input. > > I've one more query regarding the flow - How can we account for Post-dated > Cheques. I'm not able to locate the account setting where we can handle > it. > > Regards, > Manpreet > > On 8/14/07, Scott Gray <[EMAIL PROTECTED]> wrote: > > > > You would also need to implement supplier/vendor returns which is > > currently > > missing from OFBiz in order to track what they take back. > > > > Regards > > Scott > > > > On 14/08/07, [EMAIL PROTECTED] < > > [EMAIL PROTECTED]> wrote: > > > > > > Hi manpreet, > > > > > > Ofbiz support drop shipments in which vendor ships the goods. In your > > case > > > if you are stocking the goods then just create a PO, and then receive > in > > > warehouse. It would create a liability in your balance sheet which is > > > Uninvoiced Item Receipts. > > > > > > Then once you sold the goods and vendor issues an invoice you can just > > > create a proforma invoice in your system and the sold items become > > Accounts > > > Payable and no longer in Uninvoiced Item receipts. > > > > > > If you want to automate the process of converting the sales order to > > > respective purchase orders directly need some customization. > > > > > > Regards, > > > Vikrant > > > > > > > > > -----Original Message----- > > > From: Manpreet Saini [mailto:[EMAIL PROTECTED] > > > Sent: Monday, August 13, 2007 6:04 PM > > > To: [email protected] > > > Subject: Goods on Consingment basis > > > > > > Hello, > > > > > > I'm new to ofbiz. > > > > > > I've a requirement that our vendors supplies us goods on consignment > > basis > > > i.e They provide us the goods and we only need to pay them in the end > of > > > the > > > month for the goods that are sold in a month. And also vendor adds or > > take > > > away some part of the consignment at any time. > > > > > > My query is how this situation can be handle in OfBiz > > > > > > 1) When the vendor supplies us the consignment it get adds to our > > > inventory. > > > 2) Vendor payment Invoice is generated based on the number of pieces > > sold > > > in > > > the particular month. > > > 3) We are able to keep track of number of goods added/taken-away by > > vendor > > > during a particular month. > > > > > > Thank you in advance. > > > > > > Manpreet > > > > > > No virus found in this incoming message. > > > Checked by AVG Free Edition. > > > Version: 7.5.476 / Virus Database: 269.11.17/951 - Release Date: > > 8/13/2007 > > > 10:15 AM > > > > > > > > > No virus found in this outgoing message. > > > Checked by AVG Free Edition. > > > Version: 7.5.476 / Virus Database: 269.11.17/951 - Release Date: > > 8/13/2007 > > > 10:15 AM > > > > > > > > > > No virus found in this incoming message. > Checked by AVG Free Edition. > Version: 7.5.476 / Virus Database: 269.11.19/953 - Release Date: 8/14/2007 > 5:19 PM > > > No virus found in this outgoing message. > Checked by AVG Free Edition. > Version: 7.5.476 / Virus Database: 269.11.19/953 - Release Date: 8/14/2007 > 5:19 PM > > No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.476 / Virus Database: 269.11.19/953 - Release Date: 8/14/2007 5:19 PM No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.5.476 / Virus Database: 269.11.19/953 - Release Date: 8/14/2007 5:19 PM
