Bounced or Returned Checks

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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isaiahvi
Posts: 12
Joined: Wed Dec 21, 2011 3:52 am

Bounced or Returned Checks

Post by isaiahvi »

How do I record checks that are bounced by the bank?

NeilZ
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Re: Bounced or Returned Checks

Post by NeilZ »

isaiahvi wrote:How do I record checks that are bounced by the bank?
Are these contribution checks or checks written by the church ???
Neil Zampella

Using PC+ since 1999.

isaiahvi
Posts: 12
Joined: Wed Dec 21, 2011 3:52 am

Re: Bounced or Returned Checks

Post by isaiahvi »

NeilZ wrote:
isaiahvi wrote:How do I record checks that are bounced by the bank?
Are these contribution checks or checks written by the church ???
Contributions checks from outside, but you bring up a good point. What about checks written by the church that bounced (if any). I'm going back in history so I don't know if any church checks bounced, but I would like to know what to do in that scenario. Thanks again!

Jeff
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Re: Bounced or Returned Checks

Post by Jeff »

For a contribution check that bounced, go to contributions -> view posted contributions. Navigate to the contributor and select the contribution from their list of contributions. Select the reverse button at the bottom of the screen. This will create a reversal entry. If your bank charged you any amount you may need to enter a transaction in fund accounting for those fees.

isaiahvi
Posts: 12
Joined: Wed Dec 21, 2011 3:52 am

Re: Bounced or Returned Checks

Post by isaiahvi »

Jeff wrote:For a contribution check that bounced, go to contributions -> view posted contributions. Navigate to the contributor and select the contribution from their list of contributions. Select the reverse button at the bottom of the screen. This will create a reversal entry. If your bank charged you any amount you may need to enter a transaction in fund accounting for those fees.

Awesome thanks!

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