Add Bank Balance and Uncleared Transactions from the Prior Financial Year
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To manually add the beginning bank balance and uncleared transactions from the previous financial year, click Banking in the sidebar.
Click Bank Account Details to the right of the bank account.
Enter the statement balance at the beginning of the financial year. This should be taken directly from the bank statement.
Click Add Uncleared Deposit or Add Uncleared Withdrawal to enter outstanding deposits or checks and withdrawals from the prior financial year that did not clear the bank by the start of the new financial year.
Note: Uncleared checks and withdrawals, and deposits are entered on the Bank Account Details screen, not in the register. Because they are from the prior financial year, they do not affect current-year numbers. However, they will appear when reconciling, so they can be cleared in the new financial year.
For uncleared deposits: Enter the date, reference information, details, and the amount. Continue to do this for every deposit that had not cleared the bank by the last day of the financial year.
For uncleared checks or withdrawals: Enter the date, check number or reference information, who it was paid to, and the amount.
When finished adding uncleared transactions, click Save.
I have a reimbursement check from the 2024-2025 school year that was carried forward as an outstanding check for the 2025-2026 school year. The check was dated 4-29-25 for $22.00.
The check still has not cleared the bank (as of June 2026). How long do I need to keep this on my books? It it can it be written off, what is the process? Is there a different process I need to go through for this check?
Hi Melissa,
If you don’t think that check will ever be cashed, then use this process to correct your books: How to handle Stale checks from prior financial years https://moneyminder.com/knowledgebase/stale-checks-prior-financial-years/