How to Record Bounced Check in Quickbooks
We received a Question from
"ExpertWandaB" in our Forum Posting
We have a customer whose check bounced for “insufficient funds”
This was discovered after receiving a bank statement and reconciling our records.
How do you properly record this problem so that it can be reconciled a bank statement?
Also, how do you indicate a credit for payment to the customer when the bank finally clears a bounced check?
Thanks in advance.
Create a chart of accounts called "Bounced Checks" as an Accounts Receivable.
Make journal entries from bank account to this new account to record money going out and coming back in.
See more Quickbooks Tutorials