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
Detailed Explanation
Post Dated Cheques (PDC) are cheques with a future date and are recorded separately until they become due.
Common Uses
- 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.
Practical Example
- Example: Management applies **Post Dated Cheques - PDC** when designing policies and monitoring performance against targets.
Why This Term Matters
- Why it matters: Improves execution, accountability, and decision speed while reducing operational waste.