Use this procedure to record a customer's bounced check and to make the appropriate posting for a reduction in cash, to increase the balance owed on the customer?s account, and to reinstate the invoice.
To account for a NSF check

1 On the Accounts Receivable Main menu, click Cash Receipts Entry.

2 In the Cash Receipts Deposit Entry window, select Cash at the Deposit Type field, and enter the Bank Code, Deposit Date, and Deposit Number fields.

3 At the Deposit Amount field, type the amount of the check as a negative number, and click OK. The Cash Receipts Entry window appears.

4 Enter the Customer No. and Check No. fields.

5 At the Amount Received field, type the amount of the check as a negative number, and then click the Lines tab.

6 At the Invoice No. field, enter the invoice to be reinstated.

7 At the Amount Posted field, type the amount of the invoice as a negative number, and click OK.

8 Click Accept, and then click the Printer button to print and update the Cash Receipts Journal and Daily Transaction Register.