Cheques and bank

How Gigoo handles post-dated cheques

Post-dated cheques, handled properly. Cheques received and issued, with a register and a maturity report, reminders before each cheque date and a deposit slip in one click.

Go to Finance › Transactions › Receivables › PDC Received.

Then Transactions.

Then Receivables.

Then PDC Received.

Click New.

Choose the Customer.

In Invoices, pick the invoices this cheque pays. The Amount fills in from what is still due on them.

Enter the Cheque No.

Enter the Bank the cheque is drawn on (the customer's bank) and the Branch.

Enter the Cheque Date printed on the cheque. Received on is today; change it if you received the cheque earlier.

Click Receive Cheque.

If Ask before posting is on, confirm the box. The cheque takes its number, e.g. PDCR/2026/0001, and reads On hand.

Cheques from customers

Accounts records the cheque against one or more invoices. It takes its own number (PDCR/2026/0001) and reads On hand.
The Owner chooses whether a cheque pays the invoice on receipt or only once it clears.
The day before the cheque date, Accounts gets a to-do: deposit the cheque tomorrow.
Deposit several cheques in one click and print the Cheque Deposit Slip · قسيمة إيداع شيكات for the bank.
When the bank statement line is matched, the cheque reads Cleared.

When a cheque bounces

Record the bounce: the deposit and the payment are reversed, and the invoice is open again.
The bank charge is booked, and the bounced cheque fee you set can be added to the customer's balance.
The customer is marked cash only until the Owner clears the flag.
Re-present the cheque, or take a new one for the invoices still open.

Cheques you give

Pay a supplier with a cheque dated today or later, and print it on your bank's cheque leaf.
The day before the cheque date, Accounts is reminded to check the bank balance.
Security cheques given and received are kept in their own register, with no entry in your accounts.

What you get

RegisterPDC Register

By datePDC Maturity

BouncedBounced Cheques

Questions

Can a cheque be deposited before its date?

No. A cheque can be deposited on or after its cheque date, never before.

Does a cheque not yet cleared count towards the credit limit?

Yes, while the Owner's setting 'Uncleared PDCs count towards the credit limit' is on, which it is by default.

Who records cheques?

Accounts and the Owner.