NSF using Merchant Services

Forum|Forum|1 year ago
September 25, 2024
1 reply
17 views

I pulled money from my clients account using the e-checking feature in QB. I just found out he did not have the funds. How do I make the adjustment in QB? I know how to do it if it was a check but I used QB to pull the funds.

Terri

QuickBooks Desktop

FishingForAnswers

Level 4

@TCHagmann The check functionality works fine for this.

You would enter 'eft' or 'debit' or some such into the Check Number field.

You would use something along the lines of Bank Service Charges, or an outright NSF Fee expense if you want to be that specific, for the expense account in the amount of the NSF fee.

TCHagmannAuthor

I do about 20 of these at a time so I shows one deposit and with in that one is the customer that had NSF. So I can not enter anything in the check number field because of the other 9 accounts that were included in this deposit from my bank.

FishingForAnswers

Level 4

Does your Cheers mean you can not help me?

@TCHagmann Sorry, sorry.

I haven't actually used the e-checking feature, so I'm not familiar with it.

The only way I would know to fix this would be with a GJE, but I'm given to understand that GJEs can have negative impacts on some of the reports and other functionality within QuickBooks.

I think I've seen @Rainflurry answer questions like these before, though, so I'll tag them, see if they want to give this question a shot.

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