Let me share additional information, @Ataraxis_85.
For journal entries, you’ll want to make sure you debit your account receivables for the same amount as the bounced check. Below are the easy steps.
- From the Company menu, select Make General Journal Entries.
- In the General Entries window, debit your account receivables for the same amount as the NSF check.
- Enter a note in the Memo column describing the transaction.
- Example: Bounced check #123 - NSF
- Select the name of the customer or job associated with the NSF check, under the Name column.
- Credit the checking or bank account that received the original deposit.
- Select Save & Close.
After that, switch the payment for the invoice to the reversing journal entry. Here’s how:
- From the Reports menu, select Customers Receivables, then choose Customer Balance Detail.
- Double-click the original payment line for the NSF transaction.
- In the Receive Payments window, move the checkmark from the invoice to the reversing journal entry.
- Select Save & Close.
Please refer to this article for more information. Scroll down to “Option 2: Manually record bounced check”: Handle Non-Sufficient Funds (NSF) or bounced check from customers.
I'd also recommend consulting your accountant to make sure your recording you’re the bounced check correctly.
You'll want to add and match bank transactions with what you've entered in QuickBooks Desktop.
Stay in touch with us if you have other questions. We're always here to help.
