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Bounced or Returned Checks
Posted: Mon Jan 16, 2012 5:07 am
by isaiahvi
How do I record checks that are bounced by the bank?
Re: Bounced or Returned Checks
Posted: Mon Jan 16, 2012 8:53 am
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 ???
Re: Bounced or Returned Checks
Posted: Mon Jan 16, 2012 10:44 pm
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!
Re: Bounced or Returned Checks
Posted: Tue Jan 17, 2012 11:36 am
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.
Re: Bounced or Returned Checks
Posted: Wed Jan 18, 2012 2:00 am
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!