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Home / CheckMark MultiLedger, Miscellaneous / Recording customer check that was returned for insufficient funds.

Recording customer check that was returned for insufficient funds.

1. If you don’t already have one, set up a “Bad Check” account (usually an asset account in the 1000 range) in your Chart of Accounts.

2. Click on General Journal in the Command Center.

3. Create an entry crediting (-) the Checking account and debiting (+) the Bad Check account for the amount of the check. (The total entry will be zero.)

4. If you re-deposit the check or receive another form of payment from the customer, when you create the receipt, select the Bad Check account as the ledger account to zero out that account and so you don’t overstate your income.

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