Cheque Issued But Not Presented

[Former Member]

Hi All,

I am facing a problem while implementation. While entering the opening balance of Bank Account how I will treat the Cheque Issued But Not Presented.Becoz my customer balance is showing less by the cheque amount.If i take the net then in reconcillation i will face the problem.

Regards

Santosh

[former_member583013]

Santosh,

The best option is to enter what is actually in the Bank. This way you can avoid having a reconciliation issue between the book balance and actual.

If there are unpresented checks just add their total to the book balance.

Suda

[Former Member]

Hi

Do not consider cheque issued but not presented in opening balance, otherwise you will face issue in bank reconciliation.

enter the same bank balance amount which is in your TB.

regards

kamlesh