Bank Reconciliation Step by Step

[QFMathew]

You may wish to use a holding account for this, so it doesn’t necessarily affect your bank statement view until it happens in the bank.

There’s more details in my colleague’s post here:

Uncleared Cheques and Bank Tagging

The other thing you can do is create a “cheque holdings account”. This is just a type of bank account used to track presented but uncleared cheques. So effectively as soon as you send the cheque you can mark the invoice as paid, but instead of paying it from the current account you would pay it from the cheque holdings account. Now that cheque holdings account is overdrawn, when the cheque payment finally appears on your current account you then just tag it as a transfer to the cheque holdings …

This would help keep your bank account accurate, but also keep a record of the cheques too.