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Frieaza
October 18, 2023
Question

cheque not cashed

  • October 18, 2023
  • 2 replies
  • 0 views

Hello, 

In September 21 2023, I wrote a reimbursement cheque for an employee for some expense she paid for.

I closed September but today October 18 2023 she returned the cheque.

The cheque has not been checked during September reconciliation.

How do I void the cheque without messing  up September financial?

 

Thanks

 

2 replies

BigRedConsulting
BigRedConsulting
November 27, 2023

I'd just void the check, but I think the void process also offers an option to leave the original check alone and create an adjustment in the current period.

 

Really, unless you're a public company, void a check from a prior month in the current year doesn't really mess anything up.

Rainflurry
Rainflurry
November 27, 2023

@Frieaza 

 

You don't want to void a check from a closed month.  The proper way to handle this is to reverse the entry in October.  To do that, create a deposit dated 10-18-23 and assign the same account to the deposit that was assigned to the check.  The next time you reconcile, clear the check against the deposit and you should be all set.    

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