What Is an Inclearing Check in QuickBooks? A Complete Guide for U.S. Accounting Professionals
Introduction If you're managing finances in QuickBooks, understanding banking terms is essential for smooth operations. One term that often causes confusion is the “inclearing check.” It's not something you encounter in everyday transactions but becomes important during bank reconciliation or when reviewing cleared transactions . In this article, we’ll break down what an inclearing check is, how it relates to QuickBooks accounting workflows , and what U.S.-based accountants need to know when they come across it. What Is an Inclearing Check? An inclearing check refers to a check that is presented to the payer's bank for payment , and is in the process of being cleared by the banking system . In banking terms, it’s part of the clearing cycle , where the check moves from the deposit bank (where it was deposited) to the paying bank (the bank it is drawn from) for funds verification and transfer. In QuickBooks terms, an inclearing check may show up in your bank feed ...
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