To record a bounced check using an invoice, you have to create two product/service items, and set one up to use a bank account and the other to use an income or expense account to track bank service charges. You then create an invoice for the bounced check and fees and record the bank service charge.

QuickBooks includes a Bounced Check button on the record of each past transaction, so if a check does come back NSF, you can simply click that button. (Optional) Enter memos and classes. Select Save & Close. Step 2: Un-link the bill from the payment check and link it to the journal entry. Open the original bill payment check. Uncheck the bill(s) originally paid by the bill payment check. Check the Journal Entry created in Step 1. Enter a Memo to indicate the check was returned for NSF.

Creating a new product/service called Bounced Check and linking it to the original bank account instead of an income account reverses the check in your bank register. When you create the new invoice for the fees the customer owes you and receive a new payment, a new deposit amount is created. The following sections provide guidance to help you to enter a bounced check by invoice. Step 1: Create two Service items The first step in the process is to create Service items for the bounced check and the bounced check fees. • Select the Gear icon on the Toolbar. • Under Lists, select P roducts and Services. • Select New.

Ms office 2011 for mac dmg. • In the Product/Service information panel, select the Service item. • In the Name field, enter Bounced Check. • From the Income account drop-down list, select the bank account the check was returned on. • Select Save and new to create the second item.

• In the Name field, enter Bounced Check Fee. • From the Income account drop-down list, select or add an income account called Bounced Check Fees. Alternatively, select an existing expense account that you use to track your bank charges. • Select Save and Close. The Service items can now be used. The next step is to create an invoice for the bounced check and fees. Step 2: Create the invoice Once the Service items are created, you must create an invoice for the amount of the bounced check and fees: • Select the Plus icon (+) on the Toolbar.

• Under Customers, select Invoice. • Select the Customer name and enter the date the check bounced in the Invoice date field. • In the Product/Service column, select the Bounced Check item you created. Best online games for mac 2018. • Enter the amount of the bounced check in the Amount field. • On the second line of the Product/Service column, select the Bounced Check Fee item. • Enter the Amount to charge the customer for the bounced check. • Select Save and close.

The invoice for the bounced check and fees is created. The next step is to enter the bank service charge as an expense. Step 3: Record the bank service charge The next step is to record the bank service charge as an expense: • Select the Plus icon (+) on the Toolbar. • Under Vendors, select Expense. • From the Bank/Credit account drop-down list, select your bank.

• In the Payment date field, enter the date the check bounced. • Enter NSF fee in the Ref no.

• Under Account details, in the Account field, select the expense account that tracks charges from your bank. • Enter the amount your bank charged you for the bounced check in the Amount column. • Select Save and Close. The fee is recorded. When the payment is received, the next step is to record the new payment.