[GNC] Reconciliation error - how should I correct?

[Phyllis Bruce]

Wouldn't it just be simpler to ask your sister in law to destroy the check
if she finds it?  Then write it off/delete it.

On Tue, Jan 31, 2023 at 12:14 PM R Losey <rlosey at gmail.com> wrote:

> Thanks; I used to work in a bank, and I thought there was a policy such as
> you described... however, I did check with the bank, and they indicated
> that they would honor the check regardless of how old it was.  They seem to
> be angling for me to pay them $$$ to stop payment on the check, which I'm
> refusing to do.
>
> Given their attitude, I'm considering closing the checking account, and
> then opening a new one, so that the check would bounce if ever presented.
>
>
> On Mon, Jan 30, 2023 at 2:50 PM Michael or Penny Novack <
> stepbystepfarm at comcast.net> wrote:
>
> >
> > ... 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.
> >
> >
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > To update your subscription preferences or to unsubscribe:
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> >
>
>
> --
> _________________________________
> Richard Losey
> rlosey at gmail.com
> Micah 6:8
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>