How developers track PDCs
| Field | Why it matters |
|---|---|
| Cheque number, bank and amount | Identifies the cheque |
| Maturity date | The date it can be deposited |
| Linked instalment | Which invoice it pays |
| Status | Held, deposited, cleared or returned |
A common control is an alert two days after the maturity date if the cheque has not been deposited. A returned cheque opens a follow-up request for credit control, and the instalment stays unpaid until replacement funds clear.
Frequently asked questions
Is a post-dated cheque a payment?
Not until it clears. Developers record it as received but only treat the instalment as paid once the cheque is presented and the funds are realised.
What happens if a post-dated cheque bounces?
The developer's credit control team follows up with the buyer, usually through a bounced-cheque request, and late payment fees may apply under the SPA.
Can a buyer replace a post-dated cheque?
Usually yes, by agreement with the developer, for example with a bank transfer before the maturity date. The original cheque should be returned or cancelled.
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