Question

You mailed a check to pay your monthly rent. The check was lost in the mail and was never cashed. What should you do with the check in QuickBooks?

a) Void the check in QuickBooks to reconcile your bank records.
b) Mark the check as "uncashed" in the check register.
c) Contact the bank to cancel the check and reissue a new one.
d) Leave the check as it is in QuickBooks.

Answer 1

To reconcile your bank records in QuickBooks when a check is lost in the mail and never cashed, you should void the check.

Step-by-step explanation:

In QuickBooks, when a check is lost in the mail and is never cashed, you should void the check to reconcile your bank records. This ensures that the amount of the check is not deducted from your bank account.

To void the check in QuickBooks, you need to go to the check register and locate the check in question. Then, you can select the check and choose the option to void it. This will update your bank records accordingly.