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 < [email protected]> 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 > [email protected] > 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 [email protected] Micah 6:8 _______________________________________________ gnucash-user mailing list [email protected] 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.
