Bounced Checks

PROBLEM

handling bounced check, NSF check, returned check
note: this is not the same as a 'void' check though people may possibly call it that

DIAGNOSIS

Client bounced a check. How to deal with it in MacNail accounting software.

SOLUTION

1. keep the original check in there
2. add a new 'bank charge' line after it, and put in whatever the bank charged-- generally the original amount plus a processing fee. Job cost it against the same job/category etc as original check.
3. If the check is resubmitted or some other form of replacement payment is made, enter a 3rd line for that.

a 'void' check is simply a check that you don't write for some reason-- because it gets dirty, has a typo, gets lost, etc. Enter that as zero and label it as 'void' in the category or comments column. If it's the last check and they're check printing, put in a tiny number instead of zero (.0000001) see also item #403

COMMENTS

Entered 7/31/95 by Rudy.