How to Record a Bounced Check and New Payment
- 58 steps |
- 3 minutes
1
Navigate to Brokerage Engine.
Record the Bounced Check and Bank Fees
2
Click "Accounting"
3
Click "Quick Actions"
4
Click "New Bank Deposit"
5
Select the date the bounced check displays on your bank statement.
6
Click "Add Line"
7
Select the Customer profile of the Agent from the dropdown menu.
8
Select the Accounts Receivable account from the dropdown menu.
9
Type a Description in the text field.
10
Type a Reference Number in the text field.
11
Type the amount of the bounced check, in the text field, as a negative number.
12
Select a Class from the dropdown menu.
13
Click "Add Line"
14
Select the Bank Charges & Fees Account from the dropdown menu.
15
Type a Description in the text field.
16
Type a Reference Number in the text field.
17
Type the amount charged by the bank for the returned check as a negative in the text field.
18
Select a Class from the dropdown menu.
19
Click "Add Line"
