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June 16, 2008

How do you record a check that clears the bank months after it was voided?

Since you had voided the check months earlier, your general ledger no longer reflects 1) the original credit to the cash account, and 2) the original debit to another account. Now that the voided check has cleared the bank account, you will need to record the check in your general ledger. The entry will be a credit to the general ledger cash account and a debit (or debits) to the appropriate account.

It might be helpful to recall the bank reconciliation rule: Put it where it isn’t. The old check, which you had voided, is now on the bank statement, but it is not in the cash account. Therefore, you need to put the check amount into the general ledger.

Learn more about Bank Reconciliation.

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About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.

He is the author of the 2010 Master Accounting Download Package which has been praised for it's ability to simplify accounting in a way that anybody can understand.



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Comments

6 Responses to “How do you record a check that clears the bank months after it was voided?”

  1. SAIDU on July 23rd, 2008 6:48 am

    send articles relating to new accounting treatments

  2. ahmed on November 19th, 2008 10:40 am

    please guide me about pay roll maintain in tally

  3. Magdi on January 10th, 2009 2:49 pm

    What is meant by the term Voided Ckeck ?

  4. Pravin Kumar on February 6th, 2009 1:58 am

    Very use full thing are see there.I think it is very help ful to new child in accounts

  5. Ret's on September 1st, 2009 8:25 pm

    send articles relating to new accounting treatments

  6. Ron on March 17th, 2010 10:30 am

    I have inherited a mess on a bank account and can not get it to reconcile.

    should I open a new account and slowly reconcile the old one until I close?

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