Rejecting a Deposited Cheque
If the bank refuses to pay a deposited cheque, record its rejection; it leaves Outstanding Deposit and the amount is again due from the party you received it from.
Required permissionsManage Receivable Cheques, set from Roles.
How to accessReceivable Cheques → open the cheque → Reject.
Contents
When does the action appear?
For a cheque with the status Deposited; afterward, it becomes Rejected.
Steps
- Open the Deposited cheque and click Reject.
- Enter the Rejection Date and Notes.
- Click Reject; the message Cheque Rejected successfully appears.
Effect on the system
| Entry | Debit | Credit |
|---|---|---|
| First | Received Account | Receivable Notes |
| Second | Receivable Notes | Outstanding Deposit |
Restrictions and conditions
- The rejection date can’t be before the cheque’s issue date.
- Result: the balance of the party you received it from increases, and the amount leaves Outstanding Deposit.
Error messages and solutions
| Message shown | Cause | Solution |
|---|---|---|
| The rejection date must be greater than or equal to the issue date | The rejection is dated before the issue date. | Correct the date. |
FAQs
What’s the difference between rejecting a received cheque and a deposited one?
Rejecting a deposited cheque also removes it from Outstanding Deposit.
Rejected the deposited cheque by mistake?
Click Undo Rejection; it goes back to Deposited.