Control value
Stale-dated outstanding checks may need escheatment or void processing; reconciliation lists them for review.
Glossary/Outstanding check
Outstanding check
An outstanding check has been recorded in the GL but has not yet cleared the bank statement.
How FinanceAI handles this
Check 10457 on the Aster Bank demo appears on GL before bank clearance — classified as outstanding.
Related terms
Questions
When do checks expire?
Depends on state escheatment rules and your void policy — reconciliation surfaces aging.