What do you do with old uncleared transactions?

[David Carlson]

On 5/12/2015 11:55 PM, Alice Lee wrote:
> Instead of voiding the transaction, you should reverse the transaction in
> the current period.  Then you can clear both transactions because they
> offset one another.  If you void a transaction that is several years old,
> you change the balance for all succeeding periods so that reports that you
> have run will not have the correct balance.
>
> -----Original Message-----
> From: gnucash-user
> [mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
> Of John Dablin
> Sent: Tuesday, May 12, 2015 4:45 PM
> To: gnucash-user at gnucash.org
> Subject: Re: What do you do with old uncleared transactions?
>
> On 12/05/15 22:29, Maf. King wrote:
>> On Tue 12 May 15 22:16:46 John Dablin wrote:
>>
>>> Sorry if this is a silly question, but how do you 'void' a transaction?
>>> I've an  uncleared cheque from several years ago which will never be 
>>> paid in now, but it still sits there forlornly waiting to be reconciled.
>>>
>> Hi John,
>>
>> Make sure you are in the relevant account register view, with the 
>> cursor in the  transaction in question.
>>
>> Transaction Menu -> Void Transaction
>>
>> HTH.
>> Maf.
>>
> Wow! So easy, thank you very much.
> John
>
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Alice,

You make a very interesting point.  Wouldn't that be important only if
you use accrual accounting?

I tried using that tool last week and it did not give me an opportunity
to select a date.  In fact, for a time I thought that it did not work. 
Later I found it under today's date.  There was also no opportunity to
give it a transaction number or reference to help find the source
transaction later, when it might matter for the accounting trail.  FYI.

David C