So I have a situation that I cannot find a clear answer for. A new customer of ours has cancelled their check for work already done. The check was deposited, cleared and matched to their invoice. My problem is that their check was deposited with another customers so the total deposit amount includes the other customers. I need to match the deposit to the customer who paid and then show the difference in the deposit as unpaid/bounced check/NSF or whatever it needs to be. We currently do not have an account for bounced checks/NSF because we have never had this issue before. Would that be an expense account? Is this as simple as choosing that account when resolving the deposit difference, even though there would be no payee? I hope this make sense, any direction would be greatly appreciated!!
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