NSF Checks Preferred Method
This
method is recommended due to the impact on the sales and sales tax reporting and
includes the following steps:
1)
Record the bank's charge for the returned check in the
bank account register.
2)
Record the money taken out of your account for the NSF
check in the bank account register.
3)
Enter a statement charge for the NSF Fee.
4)
Send the customer a statement which includes the NSF
check and the NSF fee.
Record Bank Service Charge
1)
Click the Chart of Accounts icon on the
Company navigator or select Company: Chart of Accounts from the menu.
2)
Double-click on the appropriate bank account to
display the account register.
3)
Enter the bank's name as the Payee.
4)
Enter Bank Service Charges as the Account.
5)
Enter remaining customer information in the account
register memo field.
6)
Click Record.
Record NSF Check
1)
Click the Chart of Accounts icon on the
Company navigator or select Company: Chart of Accounts from the menu.
2)
Double-click on the appropriate bank account to
display the account register.
3)
Enter the bank's name as the Payee.
4)
Enter Bank Service Charges as the Account.
5)
Enter remaining customer information in the account
register memo field.
6)
Click Record
Statement Charge for Fee
1)
Select Customers: Enter Statement Charges from
the menu.
2)
Click the dropdown list next to Customer: Job
and select the appropriate customer/job.
3)
Use the item called NSF Check Fee as the line
item.
4)
Enter the remaining information in the customer
register.
5)
Click Record.
Send Statement
1)
Click the Statements icon on the Customers
navigator or select Customers: Create Statements from the menu.
2)
Enter the appropriate information in the Select
Statements to Print window.
3)
Click OK.
4) Click
Print.