About this course
🔹 What is PDC Payment?
PDC (Post-Dated Cheque) = A cheque issued today but dated for a future date.
Example:
Invoice Amount = 1,000,000 AED
Client gives 5 cheques of 200,000 AED each
Each cheque has different future deposit date
🔹 What is Invoice–PDC Mapping?
It means:
✔ Linking each cheque to a specific invoice
✔ Tracking cheque date
✔ Monitoring clearance status
✔ Reconciling when cheque is deposited
🔹 Process Flow in Odoo
1️⃣ Customer Invoice Creation
Create Customer Invoice
Confirm & Post Invoice
Amount becomes receivable
Accounting Entry:
Dr Accounts Receivable
Cr Revenue
2️⃣ Register PDC (Before Deposit)
Best practice in Odoo:
Create a PDC Receivable Account (Asset Account).
When cheque is received:
Dr PDC Receivable
Cr Accounts Receivable
Invoice becomes partially/fully paid (but money not in bank yet).
3️⃣ On Cheque Deposit Date
When cheque is deposited and cleared:
Dr Bank Account
Cr PDC Receivable
Now money is officially in bank.
🔹 Mapping Structure in Odoo
You usually need:
Model: PDC Payment
Fields:
Customer
Invoice
Cheque Number
Cheque Date
Bank Name
Amount
Status (Holding / Deposited / Cleared / Bounced)
Journal
🔹 Status Flow
Status Meaning
Holding Cheque received
Deposited Sent to bank
Cleared Money credited
Bounced Cheque failed
🔹 Why Mapping is Important for ASGC?
✔ Tracks cash flow accurately
✔ Avoids revenue misstatement
✔ Controls cheque bounce risk
✔ Helps finance forecast future inflow
✔ Supports audit compliance
🔹 Advanced Implementation (For Construction ERP)
In big companies like ASGC:
Multiple PDCs per invoice
One PDC covering multiple invoices
Automatic reconciliation
Reminder before cheque date
Bounce penalty handling
