Post Dated Cheques - PDC
Financial Dictionary — Cash Management & Banking
Definition
Checks that are not yet due, are recorded in the deferred checks account. A calculation of checks received for the company to be on the side of the assets and issued checks have an account on the liabilities side
Use cases, Example & Why it matters
Use cases
- Used in planning, organizing, and controlling business operations.
- Used when setting KPIs, policies, procedures, and improving processes.
- Used when setting KPIs, policies, procedures, and improving processes.
Example
- Example: Management applies **Post Dated Cheques - PDC** when designing policies and monitoring performance against targets.
Why it matters
- Why it matters: Improves execution, accountability, and decision speed while reducing operational waste.