What is the best practice in NetSuite OneWorld for clearing out uncashed checks?

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** In NetSuite OneWorld, the best practice for clearing out uncashed checks involves a few steps: 1. Import the checks to a holding account. This can be done using the import functionality in NetSuite. 2. Once the checks are in the holding account, you can then reverse them with a Journal Entry (JE) in that holding account. Please note that there is a known issue with NetSuite where Journal Entries and account reconciliations clearing in different periods are not recognized correctly. NetSuite treats the JE as fully cleared in the first period, which can lead to discrepancies in your calculations. This is not considered a defect by NetSuite, so it's recommended to adjust your process accordingly. For write-offs of customer refunds and uncharged vendor payments that are past 180 days old, the preferred method is to create a journal entry to credit the balance to Other Income. For tracking when a bill payment actually cleared the bank, you can perform a bank reconciliation or use the positive pay feature if you have the electronic bank payment module installed. Remember to always follow your company's internal policies and procedures when handling financial transactions.