How to process a Dishonoured Cheque?

Mel_6978702

My customers cheque has been dishonoured how do I enter this please. 

Mel_6978702

Thank you Faye for confirming this for me. Much appreciated. Enjoy the rest of your day

Margaret Haines, Reckon Partner

I know this has been answered but although the answer does work I wouldn't do it that way. As a rule, GJs should not be used to post to system control accounts, AR, AP and bank accounts. Other accounting systems I use won't let you use journals to these accounts. I would use Write cheques, and code to AR in account field with customer name in customer:job field.

Graham Boast

Hi Margaret

I have a procedure for this on my website under "Recording Dishonoured Cheques in QuickBooks". This procedure re-raises the debt as a Tax Invoice, and enables you to on-charge Dishonour Fees from the bank:

http://reckonhelp.com.au/Help_RAB.htm

Hope you find it useful.

Graham Boast
Reckon Accredited Consultant
graham@reckonhelp.com.au
www.reckonhelp.com.au/remotesupport.htm

Ginie Smith

It was most helpful Graham.  Thank you!