[GNC] Reconciliation error - how should I correct?

[Michael or Penny Novack]

... regardless of date.

> I sent a check to a sister-in-law that she probably won't cash, but she
> cannot remember what she did with it... so, years later, it is still an

Uh no, not outstanding indefinitely.

This of course is not really a gnucash question but since this question 
affects reconciliation.......

By the UCC rules, after six months a bank does not have to accept a 
check and as a result checks that have not been =returned to your 
account by that time might be voided in your books. You might want to 
allow a bit more time than that just to be on the safe side and you 
should keep in mind that banks are allowed to process checks older than 
that so CHECK THE POLICY OF YOUR BANK.

If I had the problem of a long outstanding check, I'd enter a 
transaction to void it once it was more than six months old.

Michael D Novack


PS -- You might sometimes see on a check you receive, "void after 90 
days". AFAIK that has no legal standing and the UCC rule of 180 days 
would apply.