How to handle a stale-dated check whether you received one or issued one. Step-by-step for small business owners.
If you've got a check that's been sitting around for over 180 days, this video walks you through exactly what to do. You'll learn what makes a check stale, when different check types expire, the three steps to handle a stale check you received, and what to do if you're the one who issued it.
0:00 Introduction
0:19 What a stale-dated check actually is
0:41 When checks actually expire
0:28 How to handle a stale check: the quick version
0:38 Step 1: Contact the check issuer
0:53 Step 2: Try depositing it through your bank
0:56 Step 3: Check your state's unclaimed property database
1:08 Step 4: If you issued the stale check, stop payment and reissue
1:19 Step 5: You can't just keep the money
1:35 Build a stale-check policy so it doesn't happen again
2:03 Manage payments without the headache
📚 Read the full article on the QuickBooks Blog:
intuit.me/4ynyII9
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