Reckon/Quickbooks – How to enter a dishonoured cheque


Reckon/Quickbooks – How to enter a dishonoured cheque
Reckon/Quickbooks – How to enter a dishonoured cheque

Client emailed My client cheque bounced – it was dishonoured by the bank – how do I enter it in the accounts?

Solutions

1.     You could create a a General Journal or Write Cheque – returning the amount to Accounts Receivable for the customer & taking it out of the bank account on the other side.

2.     However the simpler way is to delete the payment receipt (the deposit and return cancel each other out so nil effect on the bank).

3.     Another solution can be found here – more detailed but quite accurate http://reckonhelp.com.au/Help/QuickBooksHelp/Recording%20Dishonoured%20Cheques%20in%20QuickBooks.pdf

Need help? Not sure? Call for FREE 30min Advice / Strategy session today!

Call 0407 361 596 Aust and also get FREE Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

Email info@accountkeepingplus.com.au or call 0407 361 596 Australia

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