In this article you will learn how to enter a bounced check by invoice. To know more call on Quickbooks Phone Number.
Follow these steps:
Step 1: Create two Service items
In the process the first step is to create Service items for the bounced check fees and the bounced check.
• Click on the Gear icon present on the Toolbar.
• Select Products and Services under lists.
• Click on New.
• Select the Service itemin the Product/Service information panel.
• Enter Bounced Check in the name field.
• Select the bank accountfrom the Income account drop-down list to which check was returned on.
• To create the second item,select Save and new.
• Enter Bounced Check Feein the Name field.
• Select or add an income account called Bounced Check Feesfrom the Income account drop-down list.
• Select an existing expense account alternatively that you can use to track the bank charges.
• Click on Save and Close.
Now, the Service items can be used.
Step 2: Create the invoice
• Click on the Plus icon (+) present on the Toolbar.
• Select Invoice under customers.
• Choose the Customer name and in the invoice date field, enter the date the check bounced.
• Select the Bounced Check item you createdin the Product/Service column.
• In the Amount fieldenter the amount of the bounced check.
• On the second line of the Product/Service column, select the Bounced Check Fee item.
• For the bounced checkenter the Amount that is to be charged by the customer.
• Click on Save and close.
Step 3: Record the bank service charge
• Click on the Plus icon (+) present on the Toolbar.
• Select Expense under vendors.
• Select your bankfrom the Bank/Credit account drop-down list.
• Enter the date the check bouncedin the Payment date field.
• In the Ref no. field,enter the NSF fee.
• In the Account field under Account details, choose the expense account from your bank that tracks charges.
• For the bounced check in the Amount column,enter the amount your bank charged you.
• Click on Save and Close.
The fee is recorded succesfully.
The next step is to record the new payment.
Step 4: Record the payment from your customer
• Click on the Plus icon (+) present on the Toolbar.
• Choose Receive Payment under customers.
• From the Customer drop-down list, select the customer.
• For the new payment, enter the payment date and payment method.
• From the drop-down list, select the deposit to account.
• Enter the received Amount.
• From the Outstanding Transactions listselect the invoice that you created.
• Click on Save and Close.
You have successfully recorded the payment.
To know more on how toenter a bounced check by invoice in Quickbooks by calling on Quickbooks phone Number 1 (855) 441 4436. Also, you can write us at support@quickbookconsulting.net .Feel free to reach us anytime; our team of executives is 24/7 available at your service. For more information visit, www.quickbookconsulting.net.
Follow these steps:
Step 1: Create two Service items
In the process the first step is to create Service items for the bounced check fees and the bounced check.
• Click on the Gear icon present on the Toolbar.
• Select Products and Services under lists.
• Click on New.
• Select the Service itemin the Product/Service information panel.
• Enter Bounced Check in the name field.
• Select the bank accountfrom the Income account drop-down list to which check was returned on.
• To create the second item,select Save and new.
• Enter Bounced Check Feein the Name field.
• Select or add an income account called Bounced Check Feesfrom the Income account drop-down list.
• Select an existing expense account alternatively that you can use to track the bank charges.
• Click on Save and Close.
Now, the Service items can be used.
Step 2: Create the invoice
• Click on the Plus icon (+) present on the Toolbar.
• Select Invoice under customers.
• Choose the Customer name and in the invoice date field, enter the date the check bounced.
• Select the Bounced Check item you createdin the Product/Service column.
• In the Amount fieldenter the amount of the bounced check.
• On the second line of the Product/Service column, select the Bounced Check Fee item.
• For the bounced checkenter the Amount that is to be charged by the customer.
• Click on Save and close.
Step 3: Record the bank service charge
• Click on the Plus icon (+) present on the Toolbar.
• Select Expense under vendors.
• Select your bankfrom the Bank/Credit account drop-down list.
• Enter the date the check bouncedin the Payment date field.
• In the Ref no. field,enter the NSF fee.
• In the Account field under Account details, choose the expense account from your bank that tracks charges.
• For the bounced check in the Amount column,enter the amount your bank charged you.
• Click on Save and Close.
The fee is recorded succesfully.
The next step is to record the new payment.
Step 4: Record the payment from your customer
• Click on the Plus icon (+) present on the Toolbar.
• Choose Receive Payment under customers.
• From the Customer drop-down list, select the customer.
• For the new payment, enter the payment date and payment method.
• From the drop-down list, select the deposit to account.
• Enter the received Amount.
• From the Outstanding Transactions listselect the invoice that you created.
• Click on Save and Close.
You have successfully recorded the payment.
To know more on how toenter a bounced check by invoice in Quickbooks by calling on Quickbooks phone Number 1 (855) 441 4436. Also, you can write us at support@quickbookconsulting.net .Feel free to reach us anytime; our team of executives is 24/7 available at your service. For more information visit, www.quickbookconsulting.net.
We provide technical help for all of the QuickBooks issues that are users facing. We are Quickbooks Support Phone Number 800-986-4591 deliver solutions taking just a few seconds only. Avail benefits from our support team that is available for you 24*7.
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