We got several checks issued on June, but cashed and reconciled during July. When I look at Balance Sheet as of 06/30, why these checks are showing as cleared and have a checkmark? Thank you so much!!
There's no as-of date for the cleared status. A check is either cleared or not, and the reconciled status will appear the same way in reports without regard to the date range of the report.
Generally, the reconciled status doesn't change anything about how the check impacts your books.
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