So, I entered a couple of cheques today. I tagged these to a checking account (perhaps the bank account field should be a required field?). They showed up correctly in Supplier credits (on account Payment) and unpresented cheques. Looks very promising. Thank you.
Could you please explain the process for clearing these. There wasn’t an obvious way to ‘tick them off’ when cleared in the cheques module nor during bank reconciliation (I am not importing statements).It seemed I could go in an ‘spend money’ against unpresented cheques and then pick the cheque numbers but that seemed like a long way around for a short-cut. Would be great if there was a way to ‘tick them off’ and have those ‘clearing’ entries created systematically.
One further observation is that the unpresented cheques account appears as a liability in the summary. I tend to consider it a 'cash/bank account from a balance sheet caption perspective since the funds are spent. Would it (i) make sense to move this to the ‘Cash at Bank’ section of the summary page and (ii) on the classified balance sheet I can only select groups that are liabilities to put it under on the balance sheet, again I’d really like to be able to include it under my Cash group (which is an asset). Would like to hear other people thoughts as to the appropriate reporting caption for unpresented cheques, liabilties vs. cash. I’ve always preferred putting it under cash/bank caption.