We have a similar case where the cheque is undated and will not be cashed in by the vendor until and unless there occurs a payment default. Some accounting software allow posting memorandum entries not effecting accounts, just to track such contingent obligation.
Hi,
We have a similar case where the cheque is undated and will not be cashed in by the vendor until and unless there occurs a payment default. Some accounting software allow posting memorandum entries not effecting accounts, just to track such contingent obligation.