Best way to handle checks issued but never cashed?

[Paul Schwartz]

I'm not sure why you interpreted my comments as adding a column to an account. My suggestion was to add the obligation represented by the uncashed checks to a liabilty account so it wouldn't unreconcile your checking account. Of course, if these checks are 2 years old, you must have figured out how to deal with that by now.

Paul

--- On Mon, 5/11/09, Norman Yeh <normyeh at gmail.com> wrote:

> From: Norman Yeh <normyeh at gmail.com>
> Subject: Re: Best way to handle checks issued but never cashed?
> To: "Paul Schwartz" <pmjs1115 at yahoo.com>
> Cc: gnucash-user at gnucash.org, "Jean-David Beyer" <jeandavid8 at verizon.net>
> Date: Monday, May 11, 2009, 3:01 PM
> 
> 
>  
>  
> 
> 
>  
> 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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