Chapter Treasurers
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Stop payment accounting
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Stop payment accounting
Hello!
I issued a check for $250 to a CE presenter in October. She hadn’t cashed the check by late December, so we reached out to her. I heard today that she has lost the check and I sent her a replacement. So, the actual debit will not be posted to our account until 2026. So, our actual assets as of December 31, 2025 are $250 higher than our ledger would claim. How should this be handled for the 990 form? Should the ending balance for December 31, 2025 be the actuals according to the bank? Or according to our ledger?
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2 Replies
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Hi Karen, according to my son-on-law, who is a nonprofit accountant:
Hope that helps,
Justin
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Thanks, Justin!
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