Unpresented Cheques

What are an Unpresented Cheques?

Unpresented cheques are cheques which have not yet cleared through the banking system. It is a term used in the preparation of a bank reconciliation statement.

For example, if a business writes a cheque, it will post it to its cash book that day and then send it on to its supplier. The supplier will receive the cheque days later, and send it on to its bank. The cheque then passes through the banking system and eventually, a few more days later, it is processed by the bank of the business and posted to its account (bank statement).

The period of days between the business posting the cheque and the bank posting the cheque results in items in the cash book not on the bank statement. These cheques are normally referred to as unpresented cheques

For further information on Unpresented Cheques see the Wikipedia definition.

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Last modified May 30th, 2018 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

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