Entry in Books of accounts against collection of revenue

Hi Guys,

Let's think, a private Ltd. company used to perform entry for collection of their revenue after ensure liquidity of the collection(cheque or other bank instrument) i.e. bank clearance date wise.

So there is a difference between Received date (i.e. date of Money Receipt provided by the company against collection) & date of entry in books of account (i.e. voucher date for the collection where customer ledger... credit). And no need of bank reconciliation for the deposit of revenue collected.

But they maintain a collection register where record of all collection(revenue) kept "received date wise" (which record kept in books of account- "bank clearance date wise" (except cash collection).

Now Please mention whether or not it's a smart practice & complience with accounting concept & standard or other professional point of view. if not then what's the problem may arrise you think.

Thanks