Few months ago, I have activated Payment Document Management module for one of my clients here in Jordan to manage their post dated checks, as they have around 200 post dated checks received daily!
The customer enjoyed working on the module and had their checks managed properly with a little limitation as below:
When you do a remittance, the system posts the bank transfer and journal entry per remittance and based on the remittance date, which make it a very hard task and might be undoable to do bank reconciliation by the end of the month.
In the normal business scenarios the customer deposits the payment document in the bank and will notice the effect the next day. However, the bank will include the payment in the statement ordered by the check due date and check by check, this makes it a very hard task to reconcile bank statement with GP specially when you have a big number of payment documents on daily basis.
After working on the module for a couple of months, they been unable to proceed and back to their old utility due to this limitation.
I wanted to share this limitation with the community to be aware that this cannot be done out of the box and would like to encourage you to vote on this to be implemented in the upcoming releases using CONNECT.
Please click on this link to vote.