What does post dating a check mean

This way, it will be convenient for the lessee to submit his payment on time, every month.

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He has authored articles since 2000, covering topics such as politics, technology and business.The first check is for 0,000 and is dated for today, while the second check is for 0,000 and is a pdc check dated for 60 days from now, the expected date of project completion.The first check is recorded as revenue, while the second check is set aside by you or the bank until the date written on the check, when it can be deposited and counted as revenue.According to to the accrual basis of accounting and generally accepted accounting principles (GAAP), all income is recorded as it is This means that the check cannot be recorded as income or expenses until the date listed on the check, although you may list a note about it in your books so that you know the transaction will occur in the future.This can sometimes feel confusing because your accountant might record promised revenue from a contract as income, yet not record a pdc check until the actual date listed on the check.

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