When A Customer's Check Bounces - QuickBooks Online Tutorial
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- čas přidán 8. 12. 2021
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AJ Stockwell is the owner of Learn Bookkeeping Today LLC and Climb CFO LLC. He is a small business accounting and finance expert with a passion for sharing high-quality informative content for:
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This video was very helpful and saved me so much time trying to figure out how to account for this bounced check. Thank you.
Your videos help us a lot. I hope you continue posting videos like this. Thank you!
Thank you! That was very helpful. I appreciate you taking the time to record that video.:)
Thank you so much, clear direction. You saved me today. I appreciate you.
Thank you! Big help!
This was awesome! I hope you'll continue to make more videos
Great teaching Thanks !!
YESS!! I watched a lot of other videos that said we should be creating another invoice. That was wrong since it would show twice the income but I thought I was just not understanding. Yours is correct. Now I know I wasn't crazy... Ha! Thank you so much
I love this video! But here’s my problem. My original deposit was grouped with other checks. Now when I go to the deposit it brings up all the checks from that deposit. I don’t know how to fix that? I hope this makes sense. I understand why I shouldn’t group all checks into one deposit! Please help!!
I need this video, but for when my client is writing checks that bounce. Several from a liability account. What do I do with those when it wasn't money coming in but more money going out, it bounced.
Learned a lot. Can I apply this to a customer's sales receipt? I will try...
It's truly astonishing when this occurs. When the customer mistakenly inputs the incorrect routing/account number or lacks the necessary funds, it's baffling why the payment still goes through. Subsequently, it initiates a complete ordeal, requiring us to navigate through these procedures.
How do you handle 'Payment Failures' for recurring receipts in QBO when a credit card fails and then customer asks to be invoiced so they can pay by check instead of providing a new credit card?
I would love if you made a video describing how to set up Credit Cards with sub cards. How to link them to your bank and how to reconcile them correctly. (Chase bank specifically for me ;))
YES PLEASE!!!!! Chase is the Worst and I am in the middle on this! OH what a joke! Please make a video helping us with this. Please and Thank you!!!!
Good video, thanks. I've never heard of the person cashing a bad check getting charged a fee, just the person writing it. Does that happen?
Depends on the bank and their fee structure - I have definitely seen it. Certainly something to be aware of when you are evaluating which bank to partner with.
Thank you for the thorough explanation!! My problem is a bit different. First, the returned check was used in a retail store making payment at a register - no invoice is involved. Second, the check was fraudulent so we have little expectation of collecting the funds. How should I account for this in QB Online? Thank you.
Hi Marilyn - Sorry to hear about that fraudulent payment. This is a simpler transaction though. In this case, you would just book the transaction pulling the funds back out of your account against the Income account the sale was posted to. This will effectively reverse or zero-out that sale.
@@LearnBookkeepingToday Thank you for your guidance!!
It can not be any better.