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April 18, 2022
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How do I void an old check without changing prior year financial reports?

  • April 18, 2022
  • 1 reply
  • 0 views
Check issued 4/7/17 and was never voided. There is no option to date the void today and I do not want to impact 2017 financial reports.
Best answer by Rainflurry

@tvanderpool-gbla 

 

First, set up a bank account called 'Clearing Account'.  Make a bank deposit for the amount of the check you want to "void".  Assign the deposit to the clearing account.  Then, write the new check and assign it to the same clearing account.  When you reconcile the bank statement, clear both the voided check and the deposit.  Clear the new check when it actually clears. 

1 reply

Rainflurry
April 18, 2022

@tvanderpool-gbla 

 

First, set up a bank account called 'Clearing Account'.  Make a bank deposit for the amount of the check you want to "void".  Assign the deposit to the clearing account.  Then, write the new check and assign it to the same clearing account.  When you reconcile the bank statement, clear both the voided check and the deposit.  Clear the new check when it actually clears. 

April 18, 2022

thank you