Uncleared checks and member/owner contribution

Glad you made it here, Sbroocks.

Let me share some information about handling uncleared checks and member contributions. Yes, you can use a journal entry to clear those checks. However, in terms of which account to debit and credit, it would be best to consult an accounting professional. They can provide expert advice to make sure your books are correct.

Here's how:

1. Go to the + New icon.
2. Select Journal entry.
3. Fill in the necessary information.
4. Click Save and close.

In case you want to review the entries made, you can pull up or print a report for Journal Entries.

To do that:

1. Go to the Search icon then choose Advanced Search.
2. Filter your search to Journal Entries. Add additional filters such as Reference no., as necessary.
3. Select Search, then choose the desired Journal Entry.
4. Select More, then choose Transaction journal.
5. To print, select the Print icon in the upper right of the report.
   
   

If you have another question in mind or follow-up about clearing accounts on your register, please let me know. I'll be here to help. Have a good one.

@Sbroocks 

To confirm, you wrote checks to yourself but never actually took the cash out of the business?  If that's the case, then whatever account you assigned the checks to (presumably owner's draw) is overstated and you want to reverse it in the current period.  The best way (IMO) to clear these is to create deposits of equal amounts in the current period and then clear the uncashed checks against the deposits the next time you reconcile your bank account.  Assign the deposits to the same accounts as the uncleared checks.  If you aren't going to cash the 2022 checks, they can be deleted.