27 January 2015
WE DO RECONCILIATION IN SAP THROUGH MATCHING
IF SUPPOSE FIVE CHEQUES OF 25000 ARE ISSUED AND 4 ARE CLEARED THEN IT IS VERY MUCH POSSIBLE THAT WRONG CH NO IS LEFT UNCLEARED
SO WHAT SHOULD BE DONE TO MAKE SURE THAT ALL THE STALE CHEQUES ARE UNCLEARD
SHOULD I SEND STOP PAYMENT LETTER TO BANK AND AFTER GETTING CONFIRMATION FROM BANK I SHOULD PROCEED FOR REVERSAL OF CHEQUES OR I SHOULD ASK THE BANK PERSON TO CONFIRM VERBALLY WHETHER THESE STALE CHEQUES REMAINS UNPAID AS PER BANK RECORDS
27 January 2015
If your cheques are stable it is sure bankers is not going to clear, so you can reverse the entry, before reversing check with the concerned vendor to get the cheque back