"For a one off for a personal account i would record it as follows. You willnot
normally be notified by the bank when the bank cheque is cleared sothere is
little point in having a clearing account as you might for personalcheques. As
Mike points out it isor may be a negotiable instrument and maynot necessarily
be cashed by the receiver. That is not really your concernonly the receiver's
and the banks. The only other possibility is that manybanks will charge a fee
for issuing a bank cheque:
DR CRAsset:Checking Account
xxxxExpense:Bank Fees yyyyExpense:Repairs
zzzzwhere xxxx = yyyy+ zzzz and zzzz is the amount of the bank
check.I would record in the Description and/or memo fields for the expense that
itwas a bank cheque and the bank cheque number and you would record your
owncheque number made out to the bank as you would normally for any otherch
eck.Recording the details is useful should the bank cheque not be cashed by
therecipient - unlikely if a business but it has happened in cases where it
hasbeen posted to someone and not been received. The bank can track down if
itwas cashed and by whom if necessary.David Cousens"
Thank you - I appreciate the answers. This issue is resolved.
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