In QuickBooks Desktop, recording of bounced checks can be done in 2 ways: Single-user mode and Multi-user mode. Let us explain below How to Record Bounced Check in QuickBooks using the two options:
How to Record Bounced Check in QuickBooks?
Single user mode: In this method, the user has to make use of the feature “Use the Record Bounced Check” on QuickBooks Desktop. The steps are as follows:
- Go to QuickBooks Customers menu
- Choose Customer Center
- Click on Transactions
- Choose Received Payments
- Double click the payment for which you need to record Bounced check
- You will see the Record Bounced Check Click on it
- Click on the option “Manage Bounced Check”
- Fill in the required fields, like as Bank Fee and Date, Expense Account for the Bank Fee, Class Customer Fee etc. However, this is an optional requirement
- The Bounced Check Summary is displayed on the window. Read the details of what happened behind the transaction process like as unpaid invoices, fee amount deducted from the bank and so on
- Choose Finish.
A bounced check indicator is seen. This is the process of recording bounced check on QuickBooks
Multi-user mode: When you are in multi-user mode on QuickBooks Desktop, you have to manually record bounced check. The steps are as follows:
- First of all, you have to open an account and an item for keeping a track of NSF or bounced checks.
- If needed, you can also record the NSF fee from your bank
- In the third step, the original payment has to be reversed
- At the end, you can charge your customer for the NSF fee paid to the bank.
Not being able to record bounced checks in QuickBooks? Contact Us
While QuickBooks software is user-friendly, at times, users do need professional help for tech support. If you are facing problems in recording bounced checks or if you do not know how to do, then it is necessary for you to get professional help and you are in the right place. Give us a call and our technical experts are there to get your problems solved with ease. For any issues, call QuickBooks Technical Support Toll-free number ✆+1-800-796-0471.
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