BizGST Pro
The stack in the drawer
Post-dated cheques against a supply, against a running account, against something nobody wrote down. It is not money — and the gap between those two is where cash-flow surprises come from.
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Three things can still go wrong
None of those are exotic. All of them are invisible if the cheque was recorded as a receipt on the day it was handed over.
The mistake that looks tidy
It closes the row and clears the outstanding list. It also moves money into your books that is not in your bank — so what customers owe, what you collected and what the month looks like are all optimistic by the size of the stack.
Two events, recorded separately
Record the cheque when it arrives — who, which bill, how much, the date on it. Nothing in the ledger moves. Only when it clears is a payment recorded, on that date.
In BizGST Pro
Nothing touches your books until a cheque is marked cleared. Not a setting to remember — it is how the screen works, so a promise cannot be counted as a collection by accident.
The one nobody watches
A cheque dated the 4th that nobody deposited is not a payment problem, it is an attention problem. It will never show on an ageing report — as far as the invoice is concerned, nothing has happened.
BizGST Pro
GST invoicing, customer ledgers, stock and reports — built for Indian businesses.
bizgstpro.com