How do i reverse a stale dated cheque

9 replies
19 views

A component of the cheque includes GST which has subsequently been paid to CRA

QuickBooks Desktop

qbteachmt

Level 11

A Stale Dated check is offset by a Deposit to a Liability account, so that the Replacement Check pays out that same Liability. The Deposit and the old check clear against each other next reconciliation to Net 0.

TanyaKM

How do I offset the HST with the Deposit scenario? It is a closed and report period.

JamesM

Level 5

Hi Tanya. Just to make sure we're on the same page, are you also trying to reverse a stale dated cheque using QuickBooks Desktop?

Allison54

Hi can someone please walk me through the clearing of a stale dated chq in QuickBooks 2021 Desktop

JamesM

Level 5

Hi Allison54. It's vital you clear the stale dated cheque the best way possible. To ensure accuracy I recommend reaching out to an accounting professional. If you're not in contact with one I suggest searching for one on our site. I'll leave this question open in the community so other members can chime in and share their advice. Feel free to ask other questions, I'm here to help steer you in the right direction.

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