Skip to main content
P
pastorwinters
January 9, 2019
Solved

Process NSF Check received on a Sales Receipt

  • January 9, 2019
  • 2 replies
  • 0 views

Hello, I am obviously no accountant and have very basic skill level in QB Premiere Non Profit 2017. Following a tutorial on YouTube, we receive donations each Sunday on a Sales Receipt. I just received a check returned for NSF. The check was canceled and a new check written to cover both the original amount and the bak charges. How do I process this properly so that the bank statement will reconcile? All answers that I have read on the site deal with Invoices and we do not use them. Thank You!

Best answer by HoneyLynn_G

Hello there, @pastorwinters.

 

Thank you for choosing QuickBooks as your accounting partner, and I appreciate your efforts in resolving your concern.

 

I can help you process the NSF check received on a sales receipt. You can create a Journal Entry to record the transaction and NSF fee:

  1. Click Accountant.
  2. Choose Make General Journal Entries.
  3. Enter the necessary information.
  4. Click Save & Close.

I also advise reaching out to your accountant who can tell you which process would be better for your specific books. After recording the transaction, you can reconcile your account.

 

Keep me posted if you have follow up questions. I'm still here to help you out. Have a good one!

2 replies

HoneyLynn_G
HoneyLynn_GAnswer
January 9, 2019

Hello there, @pastorwinters.

 

Thank you for choosing QuickBooks as your accounting partner, and I appreciate your efforts in resolving your concern.

 

I can help you process the NSF check received on a sales receipt. You can create a Journal Entry to record the transaction and NSF fee:

  1. Click Accountant.
  2. Choose Make General Journal Entries.
  3. Enter the necessary information.
  4. Click Save & Close.

I also advise reaching out to your accountant who can tell you which process would be better for your specific books. After recording the transaction, you can reconcile your account.

 

Keep me posted if you have follow up questions. I'm still here to help you out. Have a good one!

    P
    pastorwintersAuthor
    January 10, 2019

    Thank you so much for this...

      HoneyLynn_G
      HoneyLynn_G
      January 10, 2019

      It's always my pleasure to help, @pastorwinters.

       

      You are welcome to post back in the Community if you have other concerns. Wishing you and your business continued success!

      V
      Virgie0730
      February 8, 2022

      There 5 NSF charges on statement and 5 NSF credits to account just wash it out. Do I need to put the charges and credits of the NSF fees. If I do, how do I post them to show both debt and credits.

      Candice C
      Candice C
      February 8, 2022

      Good afternoon, @Virgie0730. 

       

      Thanks for reaching out on this thread. I can share some additional information. 

       

      We have a guide that can help answer questions and show you how to post NSF. Here it is: 

       

      Desktop payroll NSF bank returns

       

      I hope this helps. Feel free to ask any other questions if you have any more. I'm only a post away. Wishing you and your business continued success! 

      E
      ep23
      March 9, 2023

      I figured out how to process a NSF returned check for non-profits on QBO when dealing with donors. I entered the NSF charge as a "Refund" to the donor from the bank account charged. I used the "this will show up on statements" area of the refund to input the details of the NSF charge. Then I simply recorded a separate expense for the fee charged. This made the bank good and the donor statements reflect accurately. 

      Terms & ConditionsAccessibility statement