Managing the Cheque Cycle in Daftra

Learn to manage the cheque cycle in Daftra: customise cheque print templates, record, deposit and collect cheques received from clients, and issue and track cheques paid to suppliers.

Duration: 22 minutes; Video content
Instructors: Daftra Academy; Daftra Education Team

About this course

The Cheque Cycle app in Daftra keeps received and paid cheques in one place and records their accounting effect in journal entries automatically at every stage.

The course has three practical lessons:

Editing the print templates for paid and received cheques, adding images, tables and variables.
Receiving a cheque from a client, then depositing and collecting it, and reviewing the entries each step creates.
Adding cheque books for your banks, then issuing a cheque to a supplier and delivering it.

The last two lessons also show how to search, sort and page through your cheques.

What you will learn

Enable the Cheque Cycle from "Manage Apps"
Customise print templates for paid and received cheques
Record a cheque received from a client
Deposit and collect a received cheque and review the resulting entries
Add cheque books for the banks already set up
Issue a paid cheque to a supplier and deliver it
Search for cheques and sort them by issue or creation date

Who this is for

Accountants who handle received and paid cheques
Owners of businesses that receive cheques from clients or issue them to suppliers
Staff responsible for treasuries and bank accounts

Before you start

An active Daftra account
The banks that cheque books will be linked to, already added
A basic grasp of notes receivable and journal entries

Course content

3 lessons • 22 minutes

1Course lessons3 lessons • 22 minutes
- Editing paid and received cheque templates in Daftra5 minutes
- Using received cheques in Daftra7 minutes
- Using paid cheques in Daftra10 minutes

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FAQ

How do I enable the Cheque Cycle?

From the side menu go to "Settings" then "Manage Apps", make sure the Cheque Cycle is enabled in the accounts management section, then click "Save".

What happens in the accounts when a received cheque is deposited?

An additional entry is created that clears the amount held in notes receivable and moves it to the amounts-under-collection account. When you collect the cheque you set the collection date and can add deposit fees if there are any.

Can I issue a cheque without delivering it straight away?

Yes. You can choose to issue and deliver in one step, or pick issue only from the drop-down list and follow up on the cheque later.

What language are the videos in?

The videos are in Arabic. Every lesson has an English transcript and English captions.