QuickBooks - Return Deposited Items and NSF Checks

[ChecksSuperstore]

This a great explanation. Thanks for sharing this. I love how technology can be used to make things a little easier for everyone.

[starbrightpools]

Thank you for taking the time to explain this process!!!

[nerdenterprises]

When you put the balance back in accounts receivable and then collect it again, nothing happens to sales. You are simply closing an open receivable and collecting money - (Debit Cash, Credit Accounts Receivable). Again, nothing happens to Sales.

[nerdenterprises]

@JustinHaywardFan No! This is the whole point. This solution does not affect Sales. Sales are affected when the invoice is posted, period. This solution simply puts the amount back in Accounts receivable so that you can collect it again. If the customer refuses to pay, or make good on the bad check, then you write off the "Bad Debt" as you would on any unpaid balance. Sales would never be doubled using this method.