Accounting MascotAccounting Q&A

How is a post-dated check recorded in the balance sheets?
submitted by Felix Austead

villiam_the_third

A post-dated check isn't a liability or an asset until the date on the check. Until then, it's treated as a receivable or payable.

jiggly_jenkins

You don't record it until the date on the check. Until that date, it isn't entered into the balance sheet at all. It isn't valid for use, so you don't put it on your books.

You can put it in your notes, but it won't go on official accounting records.

boo_berries

Since the check is post dated, I wouldn't record it as cash or a liability right away. I'd just keep it in my records and only record it as a receipt or payment when the date on the check arrives and it's valid to deposit or cash.

You could consider as a receivable, but don't actually put it on the records.
(not financial advice)

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