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Aug 25, 2018
Bank Statement Vs Check Date
by: Stephanie

Thank you for your question about what date to use when entering checks into your accounting system, check date or bank statement date.

The answer depends upon whether or not you are a cash basis company or an accrual basis company.

If your business is accrual basis, you will need to enter the date of the check.

If your business is cash basis, you will need to enter the date the the check cleared the bank which would be the date on the bank statement.

Read more about bank statements here

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