Deal with Uncashed Refund Cheque

[Debbie]

If the client left, for whatever reason it's impossible to contact him/she,
how to get rid of this refund cheque from outstanding cheque list? 1. Flag
as cashed, then record as misc. income? 2. Void this cheque, then waive as
small balance?  Which way is better (right)? Any regulation about it in
Canada?

Thanks,

[Jim Jensen]

Depends on the legal requirements. In the US it varies by state. For me, I void the check, then I have to reissue to the State if it exceed $5 as unclaimed property.