how to treat uncashed cheques
goldring
Registered Posts: 45 Regular contributor ⭐
Hiya
Our company has a few cheques that haven't been cashed. They received the cheques but don't intend to cash them. when we write them back in the accounts, do we have to account for VAT?
Thanks for your input?
Our company has a few cheques that haven't been cashed. They received the cheques but don't intend to cash them. when we write them back in the accounts, do we have to account for VAT?
Thanks for your input?
0
Comments
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Why aren't they intending on cashing the cheques? More info needed. I wonder if it will be caught by free gifts rules.0
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Are these unwanted (?) cheques for 'cash' purchases, or from your Trade Receivables simply paying their invoices?0
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hi, some are of very small amount, such as 3 pounds, 11 pounds, and they just don't bother to deposit them, refund overpayment of cash purchases, or as a small prize money paid out to them0
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