How do I enter a returned check with bank fee? Second issue is how to enter credit card payment fee? Complicated

Hello there, PRH.

I've got you covered. I'm here to help you handle returned checks and credit card payment fees in QuickBooks Online (QBO).

The steps on how to record returned check with bank fee depends on how your bank handled the transaction. There are possible scenarios that can be applicable to you. 

First, if the bank paid the returned check, or if the recipient re-deposited the check, but a bank fee was charged, you can leave the check recorded and enter a bank fee instead.

Here's how:

1. Click the Plus icon (+).
2. Choose Expense.
3. Enter the following information: (Payee, Bank account, Date, Ref Number, Account, and Amount.
4. Select Save.

However, if the returned check was not reprocessed, you'll need to look for that check and then void it.

Here's how you can void a check:

1. Go to Banking.
2. Choose the bank account at the top of the page.
3. Select Go to Register or Go to Account history.
4. Choose the check that bounced.
5. Select Edit.
6. Select More at the bottom of the page then choose Void.
7. Select Yes.
8. Follow the steps to record the bank fee expense for a bounced check .
9. Record a new check .

To learn more about recording bounced check in QuickBooks Online, feel free to check out this article: Record a bounced check in QuickBooks Online.

To enter credit card payment fee, you'll need to create a Bank Deposit and enter a negative value. Doing this shows you incurred an Expense.

Here's how:

1. Click the gear icon.
2. Under Other, choose Bank deposit.
3. Enter a negative amount under Add funds to this deposit.
4. Enter other necessary information.
5. Click Save and close.

That's it. I'm always here if there's anything else you need to know more about returned check and payments. I'll be around to help you some more.

@Charies_Mwrote:

@PRH 

However, if the returned check was not reprocessed, you'll need to look for that check and then void it.

 

 

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NO don't do that. That changes history.  Ridiculous advice.  T

@PRH 

If this a check you received from a customer. Then for the debit including the fee in the bank feed, post it to Accounts Receivable as the customer owes you the money. 

If this a check you paid a vendor: Then for the credit in the bank feed,  post it to Accounts Payable as you owe the vendor the money.  Post the fee to Bank Fee expense