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tvanderpool-gbla
Level 1

How do I void an old check without changing prior year financial reports?

Check issued 4/7/17 and was never voided. There is no option to date the void today and I do not want to impact 2017 financial reports.
Solved
Best answer April 18, 2022

Best Answers
Rainflurry
Level 13

How do I void an old check without changing prior year financial reports?

@tvanderpool-gbla 

 

First, set up a bank account called 'Clearing Account'.  Make a bank deposit for the amount of the check you want to "void".  Assign the deposit to the clearing account.  Then, write the new check and assign it to the same clearing account.  When you reconcile the bank statement, clear both the voided check and the deposit.  Clear the new check when it actually clears. 

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3 Comments 3
Rainflurry
Level 13

How do I void an old check without changing prior year financial reports?

@tvanderpool-gbla 

 

First, set up a bank account called 'Clearing Account'.  Make a bank deposit for the amount of the check you want to "void".  Assign the deposit to the clearing account.  Then, write the new check and assign it to the same clearing account.  When you reconcile the bank statement, clear both the voided check and the deposit.  Clear the new check when it actually clears. 

tvanderpool-gbla
Level 1

How do I void an old check without changing prior year financial reports?

thank you

FritzF
Moderator

How do I void an old check without changing prior year financial reports?

Hi again, Rainflurry.

 

Thank you for always helping other users here in the Community. I appreciate you sharing your knowledge about QuickBooks.

 

Hope you're having a great day!

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