what are some best practices for managing and clearing outstanding checks 
best practices for managing and clearing outstanding checks include regular bank statement reconciliation promptly voiding or canceling unused checks and maintaining proper record keeping also always maintain in communication with payees about payments not fully processed the bottom lineoutstanding checks are checks that have been issued but not yet presented for payment or cleared by the bank they represent pending transactions where the funds have not yet been deducted from the issuer s account these checks can pose risks such as overdrawing the account potential fraud accounting discrepancies and delayed financial reporting proper management of outstanding checks involves tracking reconciliation timely communication and ensuring sufficient funds are available to honor the checks when presented for payment 