A received cheque is not the same as cleared money. Keep pending instruments visible without overstating an available account balance.
Try Olo Book free →✓ Pending and cleared cheque views
✓ Bounced and cancelled status
✓ Reference number support
If a cheque is added directly to cleared bank balance, the business may believe money is available before realization. Olo Book supports pending, cleared, bounced and cancelled cheque states so the transaction reflects what practically happened.
Payment records can use cash, bank, UPI, online QR or cheque methods with an optional reference number. This supports UPI references, bank references or cheque numbers without forcing every method into the same label.
No. It can remain pending until the bank instrument is actually cleared.
Yes. Bounced and cancelled statuses help preserve the real outcome.