Outstanding Check

Definition

A check you've written and recorded but that hasn't yet cleared the bank. Appears on bank reconciliation.

Related Terms

Bank Reconciliation

The process of matching your company's cash records to the bank's records and explaining any differences (outstanding checks, deposits in transit, bank fees, etc.). It's detective work to make sure every dollar is accounted for.

Learn More About Accounting

Explore our free lessons and practice labs to master accounting concepts.

Browse Lessons View All Terms