• 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.
• Get Your QuickBooks Online 30 Day Free Trial:this lesson, we’re going to cover how to handle bounce.
• Finally, you deposited your customer’s check into you company’s bank account and recorded the payment as deposited in QuickBooks. Then, suddenly, you get a notice from the bank, telling you that your check has been returned. To record a bounced check in QuickBooks online, you will need to record an invoice.

Record Bounced Check Quickbooks

Slide 1 - QuickBooks 2014 Bounced Check Feature

If a check you write overdraws your account,your bank sends the check back to who you paidand dings your account with an insufficient funds fee.The first thing you have to dois decide how you're going to make goodon the check that bounced.Then you have some transactions to record in QuickBooks.Well there are two basic options.If you have a temporary cash flow problem. Get Your QuickBooks Online 30 Day Free Trial:this lesson, we’re going to cover how to handle bounce.

In the Received Payment window you will notice the new ‘Record Bounced Check’ button on the transaction ribbon. Click the button to start the process.

Slide 2 - QuickBooks 2014 Bounced Check Feature

QuickBooks displays a window to capture the NSF information (fee, bank date, and fee you want to charge to your client, along with account and class information).

Slide 3 - QuickBooks 2014 Bounced Check Feature

The Bounced Check Summary Window provides information about all the details of the NSF related reversal.

Slide 4 QuickBooks Bounced Check Feature

After completing the process the Customer Payment window is again displayed, this time with a bright red “Bounced Check” notation posted, along with the total of the reversal and associated NSF fee.

Checkbook Record Printable

Even though more businesses are relying on electronic forms of payment, a lot of QuickBooks users still take paper checks, and one problem with paper checks are that they sometimes ‘bounce’. QuickBooks users have long needed a better way to deal with insufficient Funds (NSF) checks within the software.

This new feature takes the ‘guess work’ out of how to properly record that the customer still owes your money; and that your bank has reduced your account by the insufficiency. This feature efficiently records the credit of funds to the bank account when a deposited payment is returned due to Insufficient Funds (NSF). It also optionally creates a credit to the bank for the NSF fee, and a new invoice to the customer for any NSF fee charged.

• To use this feature locate the originally recorded customer payment transaction. Within the Customer Center select the Customer you need and then filter the transactions on the right for Received Payments. When you find the payment, double click to open it. (Slide 1)
• When the Received Payment window opens, you will notice the new ‘Record Bounced Check’ button. Click the button to start the process.
• QuickBooks displays a window to capture the NSF information (fee, bank date, and fee you want to charge to your client, along with account and class information). (Slide 2) Click Next
• QuickBooks displays the Bounced Check Summary Window that provide information about all the details of the NSF related reversal. (Slide 3) Click Finish.
• QuickBooks returns to the Customer Payment window, but a bright red “Bounced Check” notation has been posted, along with the total of the reversal and associated NSF fee. (Slide 4)

Quickbooks Record Bounced Check Payment

Behind-the-scenes QuickBooks made a journal entry to correct the bank account, re-post the original amount to Accounts Receivable, and also invoice the $35.00 bank NSF fee to your customer.

How To Handle Returned Checks In Quickbooks

If you ask me, this process is pretty slick with just a click or two. And best of all from an Accountant or ProAdvisor standpoint, the process is done the same way every time, for every QuickBooks user (assuming they use this new feature). Thanks Intuit for another great feature.