Cash management system

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Sree yagna priya G

Sree yagna priya G (Querist)

15 October 2011 Hi!
Can anyone of you please explain what is "post dated cheque management"?Thanks in advance.

ACMA Obulirajan R

ACMA Obulirajan R (Expert)

16 October 2011 Normally all the companies are not doing business of advance payment basis, they do give credit to their customer.

However, inorder to secure their money from the debtors, company may ask Post Date Cheque from the customer. This Post Dated Cheque (PDC) will be presented in to the bank as per the due date. So Managing this activity is called PDC management.

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CMA Ashutosh Kumar Gupta

CMA Ashutosh Kumar Gupta (Expert)

17 October 2011 Yes OR is right. In the PDC Credit Management System, usually a PDC Register is maintained to have the records of all the PDCs which have been received and on the due date receipt over the system is issued to bank for them.

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