How to process a Dishonoured Cheque?
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Mel_6978702
Member Posts: 13 ✭
My customers cheque has been dishonoured how do I enter this please.
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Thank you Faye for confirming this for me. Much appreciated. Enjoy the rest of your day0
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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.1
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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
Graham Boast | 0409 317366 | graham@reckonhelp.com.au
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It was most helpful Graham. Thank you!
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