Dealing with dead outstanding checks

Hello YNAB Groupers!

I have a couple of outstanding checks that I don't expect to ever clear. One is a year old. Any recommendations for how to handle them? If I delete them, then it throws off my budgeting from that point forward.

Thanks in advance!

Jim

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  • Jim S said:
    If I delete them, then it throws off my budgeting from that point forward.

     How does it throw it off? Are those checks income or expense for you?

    If those are expenses and you have already put them in your transactions but uncleared. Then you just need to delete those in your account register. This will give you more money available in the categories those checks were in. That means, in the current month, you can move money around to other categories if some categories now have too much in them. You do not need to change anything in the past months. Past months are in the past. All reports and averages and goals etc. will be updated when you remove the transactions. Moving the money would have no impact on most of those. There would only be the Monthly Builder target that would be impacted but in the same way as if you move the money in the current month.

    Note: moving money in the current month might show some of your targets as yellow. If you don't like that, move the money in July so that the yellow is there and invisible to you.

    Like 1
      • Jim S
      • Jiminak
      • 3 mths ago
      • Reported - view

      Ceeses Thanks! I guess I was most concerned with how it would throw off past months budgeting numbers, but you're right, it is not really that big of a deal today. 

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      • Vibrant
      • No more counting dollars, we'll be counting stars
      • vibrant
      • 3 mths ago
      • 3
      • Reported - view

      Jim S when you change that check amount to zero, the money will pop back into the category in the month the transaction was recorded and flow all the way forward to the current month - unless there was uncovered overspending in that category along the way, in which case you might see the money show up in RTA instead, as YNAB would have rolled the overspending up to RTA and now it's being "unrolled," so to speak. 

      Like 3
    • Vibrant
    • No more counting dollars, we'll be counting stars
    • vibrant
    • 3 mths ago
    • 5
    • Reported - view

    The only thing I would day different from what Ceeses said is that I would leave the check recorded in my register but change the amount to $0 and put the original amount in the memo line in case I ever need to look back on it.

    Like 5
      • MadDog
      • Navy_Blue_Pegasus.2
      • 3 mths ago
      • Reported - view

      Vibrant I second your suggestion! Inevitably, I willl go back and try to find something and I can't. By making a zero transaction, you can then look at the memo to figure out what happened. 

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      • Jim S
      • Jiminak
      • 3 mths ago
      • Reported - view

      Vibrant Good call! Thanks for the suggestion!

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  • Jim S I wonder - have you created any reconciliation balance adjustments since initially entering those checks? If so, you're right - deleting them may throw off your balance. That said, if those checks don't represent actual inflows/outflows in real life, then YNAB should reflect that, too! 

    Delete or edit them as described above, then be sure to reconcile again

    Like 1
      • Jim S
      • Jiminak
      • 3 mths ago
      • 1
      • Reported - view

      Rachel No, I don't think I've done any balance adjustments, so I should be good to go. Thanks for pointing that out. You all are super helpful. :)

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