(PDC) post dated cheque received should effect the accounts receivable on the date of receiving or on the cheque date?

The head of account receivable indicates outstanding on debtors. If they settle their debts by issuing PDC it means that they somehow settle their outstanding. Therefore, you need to create another account parallel to receiveable account by the name PDC Outstanding which will reduce receivable account by adjusting entry and when check is realised then this transaction will automatically settle by bank/cash. Shahban

PDC cheques are considered as payment guarantees only at a certain date and has nothing to do with the account receivable balance.. once the amount is being received, then the AR gets affected.

when presented at bank on the date given at cheque

On the cheque date. but AR balance still remain in the book until the cheque is cleared.

PDC received should effect the accounts receivable on the basis of the check date.

Only on the cheque date it is considered as received. meantime it is treated as receivable. 

In The market (pdc chq.) module available

first when cheques recv. in party ledger consider receving dated not cheque dated but its still pending whether cash.......

A postdated check (PDC), — a check with a date that is later than the current date — is not considered to be currency.

 

Further, the postdated check should not be reported as part of the Cash Account Balance until the date of the check.

 

If the postdated check was received as payment on accounts receivable, the accounts receivable balance is not reduced. Therefore, the company Balance Sheet or Debtor's Balance remains the same until the date of the check..

Dates together

On the cheque date