check

Writing off outstanding checks is a common accounting practice used to remove checks from the books that have not been cashed or are unlikely to be cashed. This process is used to ensure that the company’s financial statements accurately reflect the current financial position. It is important to understand the process of writing off outstanding checks and the implications it has on the company’s financial statements.

Control over cash receipts and disbursement are a vital element of the company’s internal accounting controls. What Cash Cycle Procedures should you use?

PDCA sounds easy, doesn’t it? Just plan your work, and work your plan.