Cheque Deposit (Outward Chqs)

The Cheque Deposit page allows you to record and process cheque deposits into customer accounts in Udara360. Unlike cash deposits, cheque deposits go through a clearing cycle before funds are made available in the customer's account. This guide will walk you through viewing and processing cheque deposit transactions.

Accessing Cheque Deposit

1. Navigate to Postings in the left sidebar

2. Expand Deposit

3. Select Chq Dep (Outward Chqs)

Processing a New Cheque Deposit

1. Click the Post button at the top left of the page

2. Enter at least one of the following to search for the account Account Number, Account Name, or Reference Number

3. Click Search

4. Select the correct account from the Customer Details results

5. Review the Account Summary details to confirm you have selected the correct account

6. Under Cheque Details, fill in the following Drawer Name, Drawer Bank, Drawer Bank Branch, Drawer Account Number, Date on Cheque, Cheque Number, and Sort Code

7. Under Post Details, select the Clearing Bank, enter the Clearing Bank Minor GL, and enter the Amount on Cheque

8. Review the Clearing Day settings the system auto-populates the Clearing Days and Clearing Date based on your institution's configuration. Enable Ignore System Default to enter a custom clearing period

9. Review the Cheque Commission settings the system auto-populates the Percentage and Commission fields. Enable Ignore System Default to enter a custom commission rate

10. Review the auto-populated Narration and update if necessary

11. Click Post to process the cheque deposit

📌Note: Always verify the cheque details against the physical instrument before submitting — the cheque number, drawer name, and amount must match exactly. Discrepancies can result in clearing failures.

Filtering Cheque Deposit Records

1. Click the Filter button at the top right of the page

2. Enter your preferred filter criteria

3. Click Apply to display the filtered results