How to Record a Bounced Check in QuickBooks?

When a bounced check is received by a customer in QuickBooks it is marked in QuickBooks if the check is bounced. There are different processes to check the bounce check details in single-user or multi-user mode. There are different features to get the complete details for a bounced check.

The check might get bounced which is from the customer or the vendor for making the payments.

The following are the ways to get the information about the bounced check:

How to Record a Bounced Check in QuickBooks Desktop and Online? 

There is a QuickBooks feature by which we can get the bounced check recorded to check if it is happening often or the first time. The check should be passed through the bank once it is ready to be recorded which means the bounced check only will be added to the record bounced check.

There is a feature in QuickBooks that allows the owner to keep track of bounced checks it is called manage bounced checks. In this window, all the details are to be entered manually like the amount, expense amount, due date, and many more to keep the record of the check bounced.

There is another feature where the invoice number and the complete details of the bounced check are mentioned which is known as the bounce check summary. So once you are done with the summary a bounced check is recorded with a payment which means a bounced check is published with the payment.

You can get Support if your QuickBooks won't Open our Proadvisor support for QB can help you to do that.

• First, click on the QuickBooks Customers menu, now click on Customer Center.
• Now, open the Transactions tab and then select the option Received Payments.
• To record the payment as NSF, double-click on it.
• Select the Record Bounced Check icon on the Main ribbon tab in the receive payment windows. Note that the check is not waiting to be cleared or it is not in an undeposited fund account. To declare the check bounced, it has to have passed through the process.
• Now, to manage your Bounced Check window, enter the following credentials and click on Next.
  • Enter the Date and Bank fees.
  • Account of Expense for Bank Fee
  • Now, click on Class
  • Customer's Fees (how much the customer is to be charged)
• If QuickBooks shows Bounced Check Summary, it the important for you to know how the process takes place

For example, you may see:

• Check the invoices that are marked unpaid.
• Deduction of bank fees from the bank account.
• This invoice will be created for the fee that should be charged to the customers.
• Click on Finish.
• On the customer payment, you will see a bounced check payment. It will let you know about the bounced check feature of the payment.
• QuickBooks creates a journal entry that debits your receivable account and credits your bank account. The original invoices are marked unpaid in such cases.

See this: How To Unvoid a Check In QuickBooks? [Desktop and Online]

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