Lost Checks - No Payee - Best Practice

[Buddha Buck]

In that case, I would not record them in GnuCash at all. There are no
transactions involving them.

On Mon, Jun 1, 2015 at 7:48 PM Milton Stern <drmoshe5 at gmail.com> wrote:

> My apologies for not being clear.
>
> A box of blank checks were ordered from a bank.
>
> Box of check was never received.
>
> Checks have no payee and no amount.
>
> On Mon, Jun 1, 2015 at 7:18 PM, Michael Hendry <hendry.michael at gmail.com>
> wrote:
>
> >
> > > On 1 Jun 2015, at 23:50, Milton Stern <drmoshe5 at gmail.com> wrote:
> > >
> > > Ordered Checks lost in transit from Bank to Bank Account Holder.
> > >
> > > Anyone have a good methodologies for documenting these checks (ie
> > > "Transfer" field, documentation of lost checks)
> >
> > I’m not sure what you mean by “Ordered Checks”, but will assume that you
> > didn’t issue them yourself, but asked the bank to print them for you, and
> > to send them to the respective payees (or their banks).
> >
> > The usual rule for a check which you’ve issued but which has never been
> > cashed is to record the issue of the check in the normal way, and then to
> > record a reversing transaction for the date on which you decide that the
> > check has been lost or destroyed.
> >
> > This way, it’s quite clear what has happened. (Presumably the bank will
> > have recorded corresponding transactions?).
> >
> > >
> > > Transfer field will not accept blank entry. Transfer to same account
> > > produces 2 entries -> messy.
> >
> > But essential to keep a clear record, in my view.
> >
> > > Should the "Orphan" Account be used?
> >
> > No.
> >
> > > Should it be set to "Void" after completion?
> >
> > I’d be inclined to leave both transactions in place.
> >
> > >
> > > Is there a way to enter a range of check numbers all at once?
> >
> > No, but once you’ve entered the first check’s details, you can use the +
> > key to increment the check numbers as you work your way through the list
> of
> > checks.
> >
> > Hope this helps.
> >
> > Michael
> > (NOT AN ACCOUNTANT)
> >
> > >
> > > Suggestions appreciated.
> > >
> > > Moshe
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