Recording a bounced check using a journal entry is a little bit tricky and I've got your back covered, SRichard.
Before you begin, you'll have to make sure to create two items for the bank fee and the other for what you want to charge your customer for the returned check fees. To do this, follow the steps below:
- Click the Gear icon, then select Products and Services under Lists.
- Select New, then select Service.
- Name the item Bounced Check Fees.
- Select an account you use to track bounced check fees from the Income account drop-down list. (You can also use an expense account you use for tracking bounced check fees.)
- Click Save and close.
After you're done creating the two items, you can now proceed in recording the check using a journal entry. Make sure to correctly follow the steps to avoid any issues.
However, if you're still unsure of the process, I recommend reaching out to your accountant so they can verify if you're using the right account.
For your reference, you can run and customize the Journal report to view all the journal entries entered in QuickBooks Online.
Please let me know if these steps help you. I'll be here to further assist you anytime you need.
