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Received Cheque

Track and Process Cheques Received as Payment with Confidence
Handling cheque payments is a common and important part of many businesses’ cash flow management. PrismERP’s Received Cheque feature provides a reliable way to record, monitor, and manage all cheques received from customers or other parties—ensuring transparency, timely processing, and accurate financial reporting.

What is Received Cheque?​

Received Cheque refers to any cheque payment collected from a customer or party as part of settling invoices or advancing payments. This feature allows your finance team to register cheque details such as cheque number, bank name, amount, date received, and clearance status within PrismERP, streamlining cheque tracking from receipt to bank deposit.

Key Features of Received Cheque in PrismERP​

  • Cheque Details Recording: Capture cheque number, issuing bank, amount, issue date, and payment purpose.

  • Clearance Tracking: Monitor cheque status—pending, cleared, bounced, or cancelled.

  • Customer Account Linking: Automatically associate received cheques with corresponding customer invoices or accounts.

  • Alerts & Notifications: Receive timely reminders for cheque clearance and follow-ups on dishonored cheques.

  • Bank Deposit Integration: Record and reconcile cheque deposits with bank statements.

  • Multi-Currency Support: Handle cheques issued in foreign currencies with real-time exchange rate adjustments.

  • Audit Trail: Maintain detailed logs of cheque receipt, status changes, and user actions for compliance.

  • Secure User Access: Restrict cheque processing permissions to authorized personnel to ensure security.

Integrated with Core Financial Modules​

The Received Cheque feature works seamlessly with:

  • Accounts Receivable

  • Cash & Bank Management

  • Customer Ledger and Invoice Management

  • General Ledger

This integration ensures consistent and accurate financial records across your ERP system.

Streamline Cheque Payment Handling with PrismERP​

PrismERP’s Received Cheque feature equips your business to manage cheque payments efficiently and securely—reducing errors and accelerating cash flow.
Request a Demo today to discover how PrismERP can optimize your cheque payment processes.