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If you have not yet recorded the check in MoneyMinder:
Click the Banking icon in the toolbar.
Click the Actions dropdown to the right of the bank account.
Choose New Withdrawal from the dropdown.
Fill out the pertinent fields, use $0.00 for the dollar amount, then click Void in the lower left corner.
Click Save & Close.
If the check has already been recorded in MoneyMinder:
Click the Banking icon in the toolbar.
Click the Actions dropdown to the right of the bank account.
Choose View Register from the dropdown.
Find the check in the bank register and click the Details button to edit it.
Click the Void button in the lower left corner.
Click Save & Close.
NOTES:
Enter an explanation (if needed) in the Memo area. This is a good place to put in the number of the replacement check if one has been issued.
When choosing a Category, many groups set up an NSF/Void Category, usually under an Admin Heading, so that all these unfortunate things live in one place.
Make sure you keep the actual voided check and clearly mark it VOID. This is an important part of your Financial Review and guarantees that the check was not simply misplaced or stolen.
Next time you do your bank reconciliation, check off the voided check. That completes the process.
IMPORTANT: This is not an appropriate method to use for checks from prior years as it would change your starting bank balance and that would be bad. Click here for instructions on voiding checks written in a prior financial year.
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Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
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1 Comment
This is also not an appropriate method to use for checks from prior months. This does not work when check needs to be voided in next month. It changes past month’s reports and the current month’s starting balance.