When a check bounces it has the following effect: You have to reverse the customer’s payment to increase your A/R balance. You can adjust your bank account by recording returned checks and fees that the bank had charges. It is important to record bounced check in QuickBooks and fix QuickBooks bounced check greyed out because not only your bank account will get affected but also your accounts receivable will also affect. Your bank will charge a fee for a bounced check which is given back to the customers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |