Cheque issued but not cleared for more than 3 months
This query is : Resolved
24 January 2015
Sir
In my books cheques have become stale as more than 3 months have lapsed since the issue of cheques
Now what should i do
should i reverse the cheque payment vouchers
and issue new cheques
Please guide
Regards
Dheeraj Kumar
In my books cheques have become stale as more than 3 months have lapsed since the issue of cheques
Now what should i do
should i reverse the cheque payment vouchers
and issue new cheques
Please guide
Regards
Dheeraj Kumar
24 January 2015
Yes, need to reverse the cheque and intimate the vendor and get back the cheque issued and reissue the fresh cheque
24 January 2015
then you have to make reverse entry of the cheque.
27 January 2015
WE DO RECONCILIATION IN SAP THROUGH MATCHING
IF SUPPOSE FIVE CHEQUES OF 25000 ARE ISSUED AND 4 ARE CLEARED THEN IT IS VERY MUCH POSSIBLE THAT WRONG CH NO IS LEFT UNCLEARED
SO WHAT SHOULD BE DONE TO MAKE SURE THAT ALL THE STALE CHEQUES ARE UNCLEARD
SHOULD I SEND STOP PAYMENT LETTER TO BANK AND AFTER GETTING CONFIRMATION FROM BANK I SHOULD PROCEED FOR REVERSAL OF CHEQUES
OR I SHOULD ASK THE BANK PERSON TO CONFIRM VERBALLY WHETHER THESE STALE CHEQUES REMAINS UNPAID AS PER BANK RECORDS
OR THERE IS ANOTHER WAY
I WANT TO BE 100% SURE BEFORE CHEQUE REVERSAL
PLS SUGGEST THE PRACTICAL SOLUTION
REGARDS
IF SUPPOSE FIVE CHEQUES OF 25000 ARE ISSUED AND 4 ARE CLEARED THEN IT IS VERY MUCH POSSIBLE THAT WRONG CH NO IS LEFT UNCLEARED
SO WHAT SHOULD BE DONE TO MAKE SURE THAT ALL THE STALE CHEQUES ARE UNCLEARD
SHOULD I SEND STOP PAYMENT LETTER TO BANK AND AFTER GETTING CONFIRMATION FROM BANK I SHOULD PROCEED FOR REVERSAL OF CHEQUES
OR I SHOULD ASK THE BANK PERSON TO CONFIRM VERBALLY WHETHER THESE STALE CHEQUES REMAINS UNPAID AS PER BANK RECORDS
OR THERE IS ANOTHER WAY
I WANT TO BE 100% SURE BEFORE CHEQUE REVERSAL
PLS SUGGEST THE PRACTICAL SOLUTION
REGARDS
27 January 2015
If your cheques are stable it is sure bankers is not going to clear, so you can reverse the entry, before reversing check with the concerned vendor to get the cheque back
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