Hi there, HannahBuild.
Thanks for joining us here!
You'll want to create a journal entry to reverse the bounced check payment. Then, let's reopen the bill and link the bounced check to the journal entry.
Please follow these steps:
- Go to the + New button and select Journal Entry.
- Enter the date the check bounced in the Journal Date field.
- On the first line, select the bank account in the Account column. Enter the check amount in the Debits column.
- Select Accounts Payable on the second line and the vendor from the Name column.
- Click Save.
Then, proceed to these steps:
- From the Expenses menu, select Vendors.
- Find and select the vendor’s name. In the Transaction List, find and select the bounced check.
- Uncheck the checkbox for the bill, then select the one for the journal entry.
- Confirm you want to make the changes, then select Save.
I added these links for more details on how to handle downloaded transactions:
Post again here if you need anything else. Stay safe!
