Post-Dated Cheque Management (PDC)

1. What is a Post-Dated Cheque (PDC)?

A Post-Dated Cheque (PDC) is a cheque written by the issuer with a future date. It cannot be encashed before that date arrives. In financial accounting, recording a future-dated cheque as regular cash/bank immediately would distort your current balance sheet. TallyPrime provides a dedicated Post-Dated (Ctrl + T) voucher status.

2. How PDCs Work in TallyPrime

• When a voucher is tagged as Post-Dated, it does NOT impact the current Bank Balance or Party Ledger balance until the effective PDC date is reached.
• It appears in the Post-Dated Summary Report so management knows upcoming cash inflows and outflows.
• On the cheque maturity date, TallyPrime automatically regularizes the voucher into a regular transaction.

3. Practical Case Study (Educational Mode)

On 01-Apr-2024, we receive a cheque of ₹50,000 from customer Modern Traders dated for next month: 01-May-2024.

1. Go to Gateway of Tally → Vouchers → Press F6 (Receipt).
2. Press Ctrl + T to mark the voucher as Post-Dated (the top header changes to RECEIPT (POST-DATED)).
3. Press F2 (Date) and set the date to 01-May-2024 (Educational Mode valid date!).
4. Credit: Modern Traders (₹50,000) → Debit: HDFC Bank.
5. Enter PDC details and save with Ctrl + A.

4. Reviewing PDC Reports

Go to Gateway of Tally → Banking → Post-Dated Summary to view all upcoming commitments and expected collections.