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    Incoming Cheques PDF

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    ninad_xpress
    The document outlines the process for handling a received cheque from a debtor. The cheque is first sent to an internal department or agent for processing. It is then entered into the system and the customer's credit rating may be updated. Next, the cheque is sent to the bank, where it will either be cleared and the bank account credited if valid, or returned as dishonored if invalid due to reasons like insufficient funds, stop payment instructions, or errors/damage. The customer is notified if the cheque is dishonored and the transaction is reversed in the system.

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    Incoming Cheques PDF

    Uploaded by

    ninad_xpress
    71 views1 page
    The document outlines the process for handling a received cheque from a debtor. The cheque is first sent to an internal department or agent for processing. It is then entered into the system and the customer's credit rating may be updated. Next, the cheque is sent to the bank, where it will either be cleared and the bank account credited if valid, or returned as dishonored if invalid due to reasons like insufficient funds, stop payment instructions, or errors/damage. The customer is notified if the cheque is dishonored and the transaction is reversed in the system.

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    Incoming Cheques

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    Incoming Cheques.pdf

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    The document outlines the process for handling a received cheque from a debtor. The cheque is first sent to an internal department or agent for processing. It is then entered into the system and the customer's credit rating may be updated. Next, the cheque is sent to the bank, where it will either be cleared and the bank account credited if valid, or returned as dishonored if invalid due to reasons like insufficient funds, stop payment instructions, or errors/damage. The customer is notified if the cheque is dishonored and the transaction is reversed in the system.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    71 views1 page

    Incoming Cheques PDF

    Uploaded by

    ninad_xpress
    The document outlines the process for handling a received cheque from a debtor. The cheque is first sent to an internal department or agent for processing. It is then entered into the system and the customer's credit rating may be updated. Next, the cheque is sent to the bank, where it will either be cleared and the bank account credited if valid, or returned as dishonored if invalid due to reasons like insufficient funds, stop payment instructions, or errors/damage. The customer is notified if the cheque is dishonored and the transaction is reversed in the system.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Cheque Received from Debtor

    Sent to IDM/Agent

    Entry to System

    Customer Credit Rating Updates (Optional)

    Sent to Bank 1. Sent cheque for clearing after validity 2. Physical damage to cheque

    Bank Account Credited

    Yes

    Is Cheque Valid?

    No

    Reason Code?

    Our Fault

    Debtors Fault 1. Insufficient funds in account for clearing 2. Stop payment instructions 3. Writing errors on cheque 4. Mismatch of signature 5. Physical damage to cheque

    Cheque Dishonoured Notification

    Cheque Returned

    Cheque Dishonoured Notification

    Cheque Reversal Entry to System

    Customer Credit Rating Updates (Optional)

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