SAV Academy · Banking & Cash
Post-dated cheques (PDC)
Purpose
Track cheques dated in the future, both received and issued, until they clear.
Who uses it
Accountants and cashiers.
Step by step
- 1Record a receipt or payment with method Cheque and a future date.
- 2The cheque sits in the PDC register.
- 3On the due date, clear it to move funds to the bank.
Key fields
| Cheque date | When the cheque can be cleared. |
| PDC status | Pending, cleared, bounced. |
Practical example
A customer pays with a cheque dated next month; it clears to the bank on that date.
Accounting impact
PDCs sit in a PDC control account until cleared, then move to bank.
Warnings
- •A bounced cheque must be reversed to restore the receivable.