A bounced check in QuickBooks Desktop may lead to a big loss to the business. To get the steps to enter bounced checks in QB, go through the following blog.
As we have seen, many features in QuickBooks that can be utilized to simplify daily-basis activities. You can avail of new features by updating the QuickBooks software regularly. If you are using QuickBooks for a long time, then you should be aware of various features that come along with this software. Today, we are trying to provide you some information regarding the bounced check in QuickBooks Desktop.
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Record the Bounced Check From your QuickBooks home screen, navigate to Customer Payments, and select Receive Payments.
Select Record Bounced Check in the upper right corner of the Receive Payments screen.
Type the customer's name in the Received From field.
These bounced checks can be a real annoyance to keep track of on your books.
Bank will debit the charge for a bounced check and you have to contact customer care to communicate that their check has bounced and you have to request another form of payment.
How to void a check in QuickBooks OnlineGo to Expenses.On the Expenses tab, select Filter.In the Type field, select Check.Select the date range in which the check was received and select Apply.Select the check to void from the Expense Transactions list to open it in the Check screen.Select More, and select Void from the pop-up menu.
Voiding a check in the current period causes few issues.
If this check is a payroll check, and all payroll tax returns have been filed, voiding this check can have a huge effect on your books.
If tied to bank reconciliation, you will need to undo and redo bank reconciliations to make a full correction.
The steps discussed in this post can help you to understand how to avoid or reverse a voided check in QuickBooks.
If you are facing any technical unease, and need professional assistance.
