Check date difference check box in Cash and Bank Parameters - AX 2012

Hi all,

Does anyone help to explain what is the purpose of "Check date difference check box" in Cash and Bank Parameters for? As my understanding, this field is useful if my company using cheque - the days needed to fill in is the term of cheque - when performing the bank reconciliation, AX will not reconcile this cheque? Is it correct?

Thanks you very much,