Hi, What is the right way to enter this transaction in QB Desktop: I invoiced my customer for $1,764.60. I deposited the check in my bank and payed the invoice in QB. This happened last year and has been reconciled. When I reconciled my monthly statements I noticed that there was and adjustment/correction of $700 from my bank statement. I called the my bank to get more info and they told me that this happens when written and amount on check do not match, so they go by the written words on check.
The check my customer gave me in the amount was $1,764.60 but he wrote "one thousand sixty four 60/100" on the check (,1064.60) meaning the bank use the difference of $700 from my account-my own money to process this check.
Now how can I tell QB this happen?
Customer payed me the difference $700 this year 2020
how do i enter this transaction (adjustment/correction of $700 on my bank statement) to quick books desktop, which account? Thanks