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Many banks will honor postdated checks, even if they are deposited before the postdate.
Many banks will honor postdated cheques, even if they are deposited before the postdate because they will hold on to the cheque until the cheque is able to be cashed in.
After the new year is created in the GL, those error batches can be posted successfully.
See How to Create a New Year in GL for details on this procedure.
In banking, postdated refers to cheques which have been written by the drawer for a date in the future.
In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code.Thus, the date on the check effectively postpones the underlying accounting transaction.