Accepting checks

[Drac0]

I have several clients who pay by check. Is there a way that when I receive a check, I can mark their account with something like, "Check received - pending clearance"

 

I don't consider an invoice paid until the check has been deposited and the bank has cleared the check. Once funds are shown as received in my bank account I'll mark the invoice as paid. The problem is, I don't want a customer to get a late fee because the invoice wasn't marked as paid (check cleared by bank) before the late fee kicks in.