How To Record Returned or Bounced Checks in QuickBooks?
0Returned or bounced checks are a common part of business transactions. Whether a customer’s payment didn’t clear or your own issued check got returned, handling these events correctly in your accounting software is essential to maintain accurate books. If you’re using QuickBooks Online or QuickBooks Desktop, understanding how to properly record a returned or bounced check ensures your financial records stay clean and up to date. In this guide, we’ll walk you through the steps of how to record returned or bounced checks in QuickBooks , explain why it's necessary, and help you avoid common pitfalls. Whether you’re an accountant, bookkeeper, or business owner, this comprehensive resource will support you in handling NSF (Non-Sufficient Funds) transactions like a pro. What Is a Returned or Bounced Check? A returned check , often referred to as a bounced check , is a payment that cannot be processed because the account it was drawn from does not have sufficient funds. Banks may c...