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The basic though not perfect solution is to a) cross all cheques, that is, draw two parallel diagonal or vertical lines across the cheque; b) add the words, "for deposit only by payee - non negotiable"; c) add the words "not payable more than X days after date".
Or they suggest using a wire transfer since that puts the bank on the hook.
post- dated cheques has been explained as under:- Post-dated cheques. Edition, at page 463 `post-dated has been defined as follows:[email protected]@ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ Post-dated.
A cheque which is dated post-dated cheques are often used in various transactions in daily life. were post-dated and bore the dates mentioned hereinbefore.
Conclusion: the date you write has no significance and is no protection.
Post-dated cheques are not a reliable or trustworthy hassle-free method of managing bank account cash inflows and outflows.
Then use Pay Bills and apply the prepayment credit to your open bill. "If you issued checks, this should be in the register."How should I record it, because it's keeping the register in the red. People come to Quick Books Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge.
Surely the banks and cheque printing companies know the advantages.
Nov 4, 2017. A post-dated cheque PDC is a cheque or note on which the drawer has written a date later than the date on which the cheque was written. In many jurisdctions, banks will, if funds are available, pay immediately a cheque presented by the payee, disregarding any future dating at the time of presentation.… continue reading »
Jan 28, 2010. Did you know that post-dated cheques and stopped cheques can cause you considerable grief? Yesterday, I discovered that my current bank, the Bank of Montreal, had processed and withdrawn funds from my account despite the fact that the cheque I had written was post-dated for about a week later.… continue reading »
Quickbooks will not print a postdated cheque. Despite setting the date to the correct future date on the cheque, once I click "print" the date reverts back to today's date and is subsequently printed on the cheque. I've read numerous posts about printing postdated cheques and it doesn't get any easier than.… continue reading »
Created a Post Dated Check Account in QuickBooks – not a real bank account. 2. We pay bills through this account using the date of the bill not the postdated check date. 3. We make a transfer from our REAL bank account on the check due date, to the Post Dated Check Account to offset the transaction.… continue reading »
Oct 26, 2016. Yes. Banks and credit unions generally don't have to wait until the date you put on a check to cash it.… continue reading »