Greetings! It is delightful to see you here in the Community forum. We appreciate you getting in touch with us. It's our pleasure to provide information on recording the returned check for the insufficient funds.
Thanks for utilizing QuickBooks as your partner in handling business activities. To track the returned or bounced check within the program is easy. Let's use an expense to create a record, balance your accounts, and account for bank fees. Let me guide you through the process.
First, let's enter the bounced check as an expense. This expense offsets the unpaid invoice. Here's how:
- Click + New, then choose Expense.
- Select the the customer whose check was returned in the Payee field.
- From the Payment Account dropdown, select the account the money was supposed to go into.
- Enter the date you found out the check returned in the Payment date field.
- Fill in other necessary fields.
- Tap Save and Close.
Second, let's not apply the bounced check payment from the original invoice. It is changing the bounced check entry, making the original invoice open again, and disconnecting the bad payment. Follow the steps below:
- Go to the Customers menu.
- Find and select the name of the customer whose check returned.
- Locate and choose the record for the bounced check.
- In the Received payment window, click and uncheck the box for the original invoice the bad check was attached.
- Hit the checkbox for the expense you just created in the first process.
- Tap Save and Close.
Check out this article to continue the instructions and read further information: Record a returned or bounced check using an expense in QuickBooks Online.
Moreover, the articles below will help you in managing bounced checks and payments within the program:
The Community is happy to assist you with anything related to QuickBooks. Please do not hesitate to contact us by clicking the Reply button or creating a new post in the Community. We wish you a successful year!
