... regardless of date.
I sent a check to a sister-in-law that she probably won't cash, but she
cannot remember what she did with it... so, years later, it is still an
Uh no, not outstanding indefinitely.
This of course is not really a gnucash question but since this question
affects reconciliation.......
By the UCC rules, after six months a bank does not have to accept a
check and as a result checks that have not been =returned to your
account by that time might be voided in your books. You might want to
allow a bit more time than that just to be on the safe side and you
should keep in mind that banks are allowed to process checks older than
that so CHECK THE POLICY OF YOUR BANK.
If I had the problem of a long outstanding check, I'd enter a
transaction to void it once it was more than six months old.
Michael D Novack
PS -- You might sometimes see on a check you receive, "void after 90
days". AFAIK that has no legal standing and the UCC rule of 180 days
would apply.
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