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A
All about Bookkeeping
March 12, 2019
Solved

How to void a check from a prior period

  • March 12, 2019
  • 74 replies
  • 118 views

A cheque that is over a year old has not been cashed and the vendor is not reachable.   How do I void a cheque from the prior period.  


Best answer by qbteachmt
Don't Void it; offset it with a Deposit entry dated current, for whatever you need that will be the reversal of that entry.

74 replies

qbteachmt
qbteachmtAnswer
Level 11
March 12, 2019
Don't Void it; offset it with a Deposit entry dated current, for whatever you need that will be the reversal of that entry.
    A
    accounting74
    March 12, 2019
    You are missing my point.  By making an offsetting entry, you are not really voiding the check, right?
    The check will still show up as a valid check, it will not be labeled as voided, right?  Why can't a big operation like QB allow you to choose the void date and make the offset on the chosen date?  How hard is it to write that program in?  Also, will that "voided" check still show up as a valid payment on the 1099 report?  Thank you for replying.
      K
      KMat
      May 2, 2019

      from an accounting position this is AWFUL...… Should always be able to void or reverse a check as of a certain date. To state that an offsetting entry must be used with VOID in the memo is really bad - not to mention inaccurate vendor records.

      qbteachmt
      qbteachmt
      Level 11
      March 12, 2019

      "this doesn't work for a check in a prior, closed, audited period"

      This, What part, doesn't work?

      You make your own offsetting entry and you control Everything about it. Example: For the prior fiscal year, you might need to post to Equity for Prior Year Adjustment.


      J
      JamesDuanTQuickBooks Team
      QuickBooks Team
      March 12, 2019

      I’d be glad to help you with this Tanya.

      Here's how you can void a cheque in QuickBooks:

      1. At the top menu, click Vendors and select Vendor Center.
      2. Highlight a vendor name, and double-click the cheque you want to void under the Transactions tab.
      3. At the top menu, click the drop-down arrow below the Delete button
      4. Select Void.
      5. Click Save & Close.
      6. Click Yes to Confirm.

      If you need further assistance, please let me know.

      S
      swuellner
      March 12, 2019
      this doesn't work for a check in a prior, closed, audited period
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