Video: Bounced Check Processing in QuickBooks Desktop Mac 2020

In QuickBooks 2020, you can now accurately, and easily, account for bounced checks. Learn more in the following video:

Video Script

We’ve introduced Bounced Check Processing to QuickBooks Desktop Mac. If you received a bad check from a customer and already deposited the check into your account, this feature gives you a way to easily record it and charge your customer a fee if you choose.

Here’s how you do it:
  • You can process a bounced check by navigating to Customers, then Receive Payments.
  • Locate the customer payment for which there were non-sufficient funds, and click the Bounced Check icon at the top of the window.
  • Here, you can record the fee you were charged by your bank for the bounced check. You can also choose which expense account you’d like to use to record the fee and an associated class (if you’re using class tracking). Lastly, you can record how much to charge your customer for the faulty check.
  • After clicking Next, you’ll be taken to a window which summarizes the actions QuickBooks will take once you record the bad check. In this case, the two invoices that had been paid with this bad check will be marked unpaid. Also, the money from the bad check and the bank fee will be deducted from your bank account. Finally, an invoice will be created for your customer for the fee you’re charging them.
  • Click Record to see the modified Customer Payment record. There are a few things you can see from here. First, double-click to view the customer invoice for the fee. Second, double click the journal entry to view the record that shows the payment being removed from your bank. Third, view the journal entry that was created for the bounced check fee that was charged to you.

You can also post your own question to the QuickBooks for Mac community.