Hi AlluSakku

You can enter Customer receipt and vendor checks in prior dates simply by changing date on the transaction (assuming they are in open 2 years e.g. 2014&2015).

Thanks

Also if a Customers post dates a cheque or if you post date a Vendors cheque that will eventually be applied to invoices may want to use the Prepayment option. The Prepayment box is located in both receipts & payments.

The Prepayment box is checked to remind you that a customer has sent money early prior to being invoice.  The same goes for the prepayment\post dated cheque to a vendor. That this was money sent earlier before receiving the actual invoice\bill. Once the invoice has been entered the prepayment would be applied to that transaction.

As far as the "dates" are concerned you can select any date you want on the transaction. As long as the date falls within your 2 open fiscal  years.

Thank You. It's help me for posting Post Dated Check but my company's fiscal years are Jan/2014 to Dec/2014 and Jan/2015 to Dec/2015. How do I record Post Dated Check for next fiscal year that is Jan/2016 to Dec/2016?

You need to go through the year end wizard and close out last year. This will open 2016. You can only have 2 years open at one time.