Best way to handle checks issued but never cashed?

[Norman Yeh]

Hi Paul,

Your answer of adding a column is very interesting. Pls allow me to jump in and ask a few questions.

I am running GnuCash 2.2.9 under Windows XP with SP3. In you answers, pls bless me with details as I am NO accountant, and NO programmer.

1. how do I add a column in a stock account or, for that matter, any account?

2. how do I make Perl aware of what value to put in a new column in a stock account?

3. do I need to update Perl that came with GC 2.2.9 and, if yes, how?

4. how do I update GC, Perl or OFX as I see NO "check for updates" under any of the menu items?

Thank you!

Norman

----- Original Message ----- 
From: Paul Schwartz 
To: gnucash-user at gnucash.org ; Jean-David Beyer 
Sent: Monday, May 11, 2009 09:02
Subject: Re: Best way to handle checks issued but never cashed?


--- On Mon, 5/11/09, Jean-David Beyer <jeandavid8 at verizon.net> wrote:

> From: Jean-David Beyer <jeandavid8 at verizon.net>
> Subject: Re: Best way to handle checks issued but never cashed?
> To: gnucash-user at gnucash.org
> Date: Monday, May 11, 2009, 5:52 AM
> Marc Evans wrote:
> > Hello,
> > 
> > I have been using gnucash for several years. During
> that time I have
> > issued several (about 8) checks that the people to
> which they were
> > issued have never cashed them. These are usually more
> than 2 years old,
> > and hence I do not expect that they ever will be
> cashed. They are small,
> > adding up to maybe $200 in total. The question
> therefore is, what is the
> > best way to handle these in gnucash? For example,
> should I create a
> > special account and transfer them to this special
> account?
> > 
> > Thanks in advance for any advice.
> > 
> Can you not just void the transictions?
> 
> 
I would think that would not be good unless you actually put a "stop payment" in with your bank, and waited a decent amount of time for it to take hold. Otherwise, you could be surprised later. Better to create a ?Liability? account which contains the obligation and still allows you to align with the cash balance in your account.

HTH

Paul


      
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