Useful Information
If you have written a cheque to a parent or supplier but it has not been presented within the guaranteed time period (banks reserve the right not to pay a cheque that is older than 6 months) you should cancel the cheque.
We would recommend notifying the parent or supplier so that they can request a new cheque, if required.
Cancel an Expenditure Cheque
- Click on the Banking tab
- Click on the Banking button
- Click on Check bank statement
- Select the relevant bank account
- The unpresented Expenditure cheque should be listed
- Click on the transaction line - the View transaction window is displayed
- Click on Cancel transaction
- Select Other and Enter a reason such as Unpresented cheque
- Click on Done
- The cheque displays as (cancelled) with a 0.00 Amount which can be ticked off during your next reconciliation