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Thus, the post dated check has no impact on the financial statements of ABC International until the date listed on the check.

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From the perspective of the check issuer, there should be no journal entry to record the reduction in cash until the date listed on the check.

From the perspective of the recipient, there should be no entry to record the increase in cash until the date listed on the check.

Thus, the date on the check effectively postpones the underlying accounting transaction.

For example, ABC International receives a $500 check payment from a customer for an unpaid invoice on April 30. ABC should not record the cash receipt until May 15, nor should it reduce the related accounts receivable balance until May 15.

In such a situation, it is allowable for the check recipient to record a post dated check upon receipt of the check.

From the perspective of the payer, the best way to ensure that funds are not released early is to notify the bank not to release funds against this check any earlier than the date stated on the check. Auditors do not like to see post dated checks, since it implies that the payer is short on cash, and is attempting to pay bills later than it should. If an auditor sees an ongoing pattern of check post dating, there would be an inclination to delve more deeply into company finances, and perhaps state a going concern issue in the audit opinion that accompanies the financial statements. When you know you don’t have enough money in your checking account, you might think that postdating your check—writing a future date—will keep the recipient from cashing it. law and the Consumer Financial Protection Bureau, most banks and credit unions consider your check legal tender as soon as you sign it.Unfortunately, that date that you write on your checks has very little power. As Ashlee Kieler at Consumerist explains, however, there are still some actions you can take to buy yourself some time: In some states, if a consumer gives the financial institution reasonably timed written notice about a postdated check before the check is received, then the notice is valid for up to six months.That means the bank must wait to cash the payment until the date stated on the paper or until six months is up, whichever comes first.