Endorsing a Receivable Cheque
An endorsed cheque is a cheque originally written to someone else, who then endorsed it (transferred their right to it) to you. The system lets you record that a receivable cheque is endorsed, along with the endorser’s name.
Required permissionsManage Receivable Cheques, set from Roles.
How to accessReceive Cheque or editing the receivable cheque.
Record the endorsement
- In Receive Cheque, or when editing a cheque whose status is Received, enable Endorse.
- Enter the endorser’s name in Name (required when Endorse is enabled).
- Save.
The cheque page then shows Endorse: Yes with the name, or No.
Effect on the system
Endorsement is for information only. It doesn’t change the journal entries, the accounts, or the cheque cycle.
FAQs
Can I endorse a receivable cheque to a supplier from the system?
There’s no action to endorse a cheque to another party. Endorsement only records that the cheque reached you already endorsed.
Why can’t I edit the endorsement?
Because the cheque’s status isn’t Received.