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Check not cleared from previous year.
Posted: Wed Dec 04, 2024 10:24 am
by PattiD
The clock is ticking and my 18 months after the month a check was written is going to be up. Late last summer (2023) I wrote a check for $5.00 which came back as the person had moved. I should have dealt with it before the end of the year, but didn't.
So, 2023 closed with it still on the books. If I void that check, it messes up the 2023 books, but I can't leave the check just dangling out there. What is the right thing to do?
Re: Check not cleared from previous year.
Posted: Wed Dec 04, 2024 5:39 pm
by NeilZ
PattiD wrote: ↑Wed Dec 04, 2024 10:24 am
The clock is ticking and my 18 months after the month a check was written is going to be up. Late last summer (2023) I wrote a check for $5.00 which came back as the person had moved. I should have dealt with it before the end of the year, but didn't.
So, 2023 closed with it still on the books. If I void that check, it messes up the 2023 books, but I can't leave the check just dangling out there. What is the right thing to do?
FWIW ... the 2023 books are already messed up as it shows you being $5.00 less in the bank. I'm assuming that that check keep showing up in the reconciliation, right?
That said, do a backup of the accounting database, void it as of today, and on the reconcile check it off. Use this as a learning experience to not put off until tomorrow things you should do immediately
Re: Check not cleared from previous year.
Posted: Thu Dec 05, 2024 9:33 am
by PattiD
I know. Silly me. I own it 100%. Thank you for your input. I DO appreciate it.