How do you debit a customer's account for the NSF or bounced check value to show that they still owe you this amount?
This video shows 2 methods:
1) Create a new A type (Charge) invoice to the customer and use the option to “Post to G/L Account”
2) Create a sub-category, which is pointing to your bank account instead of the usual Income and Cost of Goods Sold (COGS) accounts. Then create an inventory item in this sub-category and make it tax exempt. Finally, use this part on an invoice to charge the customer's account.
Note: this article is also publicly available at http://wiki.wws5.com/share/How_to_handle_NSF_or_bounced_checks_from_customers1003290756.html
Created by Harry Czerednikow at 3/29/2010 7:56:46 AM