Unpresented cheques

[nrlf]

Hello

Taking over a job and in the receivables schedule, the is a long list of outstanding cheques over a 5 year period for different items such as donations, loans taken from the institution , dividends etc. How do i correct this since its so many different items for which the cheque was made out for and its so many years? (please note that this is not in the US or UK)

 

[AGH the CPA]

Receivables? Do you mean outstanding cheques that never cleared the bank?

 

[nrlf]

yes, in the receivables total there is a tab which has outstanding cheques. ( i know its weird)

 

[AGH the CPA]

If those are in receivables, they are not in the right place. If anything they are liabilities...