Quickbooks Support

QuickBooks Support Lets You Handle Non-Sufficient Funds (NSF) Or Bounced Check From Customers

This article is really helpful if you are looking at ways to handle bounced checks from your customers. This happens when the checks are returned due to lack of funds in the customer’s account. You can always record the bounced checks from customers in QuickBooks desktop. The QuickBooks support team lets you know how you can record the checks in different modes.

There are two options available to record the checks. Follow option 1 if you want to record the check in single-user mode or if you want to record the bounced checks in multi-user mode, follow option 2.

Option 1: Using The Record Feature

Note: You can use the record bounced check feature only if you have check payments. If you are unable to click on the option due to payment type, you may be required to manually record the bounced checks .in that case, follow option 2.

1. Open QuickBooks and from the left menu that appears, select Customers> Customer Center.

2. From the Transactions tab, select Received Payments.

3. Look for the payment you want to record as NSF and double click on that.

4. Look for the Record Bounced Check icon on the Main ribbon tab of receiving payment window.

Note that the check has been bounced from the bank and not in a waiting status to be cleared.

5. Enter the required information In the Manage Bounced Check window and click on Next. The information will include some optional fields such as

• Bank Fee and Date

• Expense Account for the Bank Fee

• Class

• Customer Fee (what amount the customer was charged with)

NOTE: you may leave the field blank if you didn’t incur any charge or if the customer is not to be charged for the NSF check.

6. You can check the bounced check summary to clarify all the details.

For example:

• marked unpaid invoices

• Fees deducted from your bank account

• The fee you want to charge your customer with.

7. Click on Finish.

8. Once a bounced check is recorded, a Bounced Check indicator will be seen on the customer’s payment. This will let you determine that the feature has been used for that particular payment.

9. A journal entry will be created in QuickBooks debiting your receivable account and crediting your bank account. With the recorded check the original invoice will be marked as unpaid, and you can re-invoice the customer for the same amount.

Option 2: Recording The Check-In Multi-User Mode

Follow these steps to record the checks manually and in multi-user mode.

Step 1: creating an account and item

a. How to create an account?

i. From the menu select Lists > Chart of Accounts.

ii. In the Chart of Accounts window that appears, right click and select New.

iii. An Add New Account window will appear. Click on Income> Continue.

iv. Enter Bounced Checks Income in the name field.

v. Click on Save & Close. A new account will be created with the name that you entered in the field.

If you face any trouble while creating the account, contact QuickBooks Customer Support team.

b. How to create an item?

You would require creating an item for the NSF fee your bank may charge you.

i. From the Lists menu, click on Item List.

ii. Right click on the Item List window, and then click on New.

iii. Select Other Charge from the type drop-down.

iv. Enter Bad Check Charge in the name field.

v. The non-taxable code is to be selected from the tax code drop-down.

vi. Select the account (created in step 1) for this item.

Step 2: (Optional) Recording bank’s NSF fee.

a. Click on Make General Journal Entries from the company menu.

b. Debit your bank service charge expense account with the amount you were charged by your bank for the NSF check.

c. Enter a note in the memo column that describes the transaction.

Example: “NSF check #257 from Mr. Alex.”

d. Checking or bank account is to be credited for the amount of NSF charge.

Step 3: The Original Payment Is To Be Reversed.

a. A journal entry is to be created.

i. Select Make General Journal Entries from the company menu.

ii. For the amount of the NSF check, debit your accounts receivable account In the Make General Journal Entries window.

iii. Enter a note in the memo column that describes the transaction.

Example: “NSF check #257 from Mr. Alex.”

iv. Enter the name of the customer or job that is associated with the NSF check.

v. checking or bank account in which the original deposit has been received is to be credited.

vi. Click on Save & Close.

b. Moving the payment to reverse the journal entry.

i. Go to Reports >Customers & Receivables > Customer Balance Detail.

ii. The NSF transaction will be seen in the original payment line.

iii. Move the checkmark to the reversing journal entry instead of an invoice.

iv. Click on Save & Close.

Step 4: (Optional) if you want to Charge your customer for the bank NSF fee, follow the steps below

a. Select Create Invoices From the customer’s menu.

b. Create the invoice for the NSF check of the customer.

c. Select the Bad Check Charge item in the item field that you created earlier.

d. Enter the NSF charge amount assessed by your bank. You may also add markup (if any).

e. Click on Save & Close.

If you have any queries or issues while recording bounced checks, connect to QuickBooks Support team.

266 thoughts on “QuickBooks Support Lets You Handle Non-Sufficient Funds (NSF) Or Bounced Check From Customers”

  1. Уважаемые коллеги-предприниматели!!!

    3 квартал закончился, наступает пора отчетов!!! Поможем правильно составить декларации!!!

    Эффективно оптимизируем НДС: сэкономим на налогах, увеличим оборотные средства, упростим работу бухгалтерии.

    Свободные деньги уже здесь и сейчас!!!!

    По договору и без предоплаты.

    100% легально.

    Все подробности на https://optimconsult24.ru/

  2. Уважаемые коллеги-предприниматели!!!

    Наступила пора отчетов!!! Поможем правильно составить декларации!!!

    Эффективно оптимизируем НДС: сэкономим на налогах, увеличим оборотные средства, упростим работу бухгалтерии.

    ? Свободные деньги уже здесь и сейчас!!!!

    По договору и без предоплаты.

    100% легально.

    Все подробности на https://optimconsult24.ru/

  3. Looking help for Statistics Assignment writing services? We have professional writers provide 100% original and plagiarism free statistics assignments help services online in UK with a proven track record of well written, plagiarism free assignment services all over the world.

  4. Добрый день!

    Хотим поделиться секретом: мы с командой разработали план продвижение вашего бизнеса в онлайне.
    Перейдите на наш сайт https://to2get.ru/ и мы поможем во всем разобраться.
    Наша цель – результат!”

  5. Munchkin kittens make wonderful family pets. They are easygoing and get along well with children and the other pets of the household. Above all, they are hardy and an ideal pet, especially for first-time feline owners. Selecting a new kitten is a daunting task. You want one that is healthy but also comes with a pleasant personality and is adaptable to your lifestyle.

  6. ​Welcome to our Pitbull breeder home were we have been proudly breeding and showing quality AKC registered Pitbull puppy since 2004. Our main focus is to produce show quality pitbull puppies with amazing personalities suitable for ​their forever family. We treat every Puppy with individualized care based on their needs to give them the best opportunities in life. Click “Available Pitbull puppies” to check out our puppies and dogs looking for new homes.

  7. Добрый день!
    Правила въезда на Украину на 2020 – 2021 г
    В связи с Постановлением Кабинета Министров Украины №480 от 12.06.2020г. въезжающим в Украину, необходимо иметь страховой полис, покрывающий лечение Covid-19.
    Для удобства и быстрого пересечения границы предлагаем оформить страховой полис онлайн по лучьшей цене!
    Въезд в Украину без страхового полиса запрещен.
    Страховой полис должен быть оформлен страховой компанией,зарегистрированной в Украине.
    Подробнее на : https://ukrainecovid-19.com/ru/

  8. Someone essentially help to make significantly articles I would state.
    This is the first time I frequented your website page and thus far?

    I amazed with the analysis you made to create this actual
    submit amazing. Excellent job!

  9. Здравствуйте, дорогие коллеги!

    Остался последний день сдачи отчетности.
    Уже пора подавать декларации по НДС, в противном случае с налоговой неизбежно возникнут проблемы лишних вопросов и траты вашего личного времени.
    Пожалуйста, не откладывайте ваши заявки на последние дни.
    Если вы знаете, что вам точно будет нужен определённый объём входящего НДС – закажите его уже сейчас, пока есть выбор ОКВЭДов.

    Работаем по всей России !

    https://optimconsult24.ru

    С уважением команда профессиональных консультантов!

  10. We are dedicated to the breeding of the finest quality, sweet-tempered rough-coated pug puppies at the most reasonable prices. We take great pride in the feedback received from purchasers of our puppies that their puppies have grown up to be very social and friendly adult dogs. This provides us with the necessary incentive to continue breeding these wonderful, loving and loyal companions..

  11. The truth about pit bulls is simple: They’re sweet, smart, hilarious, loyal companions. And we’re not the only ones who think so. Ken Foster’s beautiful book “I’m a Good Dog” continues to climb the charts, and National Pit Bull Day has been established in their honor.

  12. You could certainly see your skills in the work you write.
    The world hopes for more passionate writers like you who aren’t afraid to say how they believe.
    At all times follow your heart.

  13. Добрый день!

    Предлагаем рекламные подарки к Дню защитника отечества и 8 марта!

    Подарки для: сотрудников, клиентов, директора, руководителя, партнёров, собственников, акционеров с логотипом и без.

    http://www.katalog-prestige.ru

    В каталоге более 5000 наименований:
    Ручки
    Промо
    Дом
    Посуда
    Одежда
    Часы
    Флешки
    Электроника
    Награды
    Офис
    Кожгалантерея
    Сумки
    Отдых
    Спорт
    Зонты
    Подарки по теме
    Подарочные наборы
    Сублимация
    Элитные подарки
    Вкусные подарки
    Ежедневники
    Календари
    Упаковка
    Праздники
    Новый год

  14. Использование самых современных логистических методов позволяет нам максимально выгодным способом осуществлять жд перевозки ваших грузов крытыми вагонами, полувагонами, специальными вагонами (хопперами), рефрижераторными вагонами; использование универсальных контейнеров всех типов. Грузоперевозки железнодорожным транспортом сопровождаются выполнением погрузочных работ, обеспечивается сохранность груза, таможенное оформление, оформление транспортных документов (включая договор страхования).

    Особенности железнодорожных перевозок|

    @nerty

  15. Сеть Российских железных дорог имеет большую разветвленность с центральными узловыми станциями, что позволяет доставлять грузы практически между всеми городами страны. Для отправления грузов в Европу и Азию имеются десятки транспортных переходов через границу. На территории СНГ не существует никаких технических препятствий для перевозки грузов по железной дороге. Доставка грузов в дальнее зарубежье осуществляется в специальных международных вагонах, для которых существует возможность адаптации под ширину колеи.

    Особенности железнодорожных перевозок|

    @nerty

  16. How does lifting weights distend testosterone and clomid side effects growth hormone? Lifting Weights Increases Testosterone. Men are moral less carnal in today’s brand-new society than they have been in the past. The ground is that when you are medic you are taxing your substance and causing it to evoke a hormonal retort (raise testosterone and child cultivation hormone) in order to carry through the tangible stint at submit . This is why weight lifting is such a titanic way to increase testosterone Clomid (and success hormone).

  17. How much does 100mg of viagra no prior prescription cost. Learn more with respect to this antidepressant here. This is a generic drug. The average cost in place of 6 Scratch pad(s), 100mg each of the generic (sildenafil citrate) is $276.99. You can accept viagra without a doctor prescription viagra without doctor prescription at the discounted price of $21.31 alongside using the WebMDRx coupon, a savings of 92%.

  18. Which discharge is paramount in behalf of erectile dysfunction. viagra connect viagra cialis exercises, or pelvic exercises, be experiencing proven to be conspicuous in addressing erectile dysfunction, and it should be hand-me-down as the first-line of treatment. The ischiocavernosus and bulbocavernosus muscles in the pelvic compass hem in viagra no script the penis and are vigorous during an erection.

  19. How much is cialis generic online from canada 5mg. Tadalafil is adapted to to touch on masculine animal function problems (impotence or erectile dysfunction-ED). Learn more far this dope here. This is a discredit handle antidepressant and a generic may be available. The ordinary expenditure payment 30 Tablet(s), 5mg each of the female cialis online is $261.99.

Leave a Reply

Your email address will not be published. Required fields are marked *