Project Name
You can process NSF transactions when a cheque paid by your customer is returned back from you bank account because of insufficient funds. When you create an NSF transaction, payments by the cheques are unapplied, customer’s balance is updated, and the general ledger records for this payment are deleted.
To create NSF transaction, you simply mark the check as Bounced. A bounced cheque is a cheque that has been returned from your bank, because the customer does not have sufficient funds.
To mark a cheque as bounced:
From Customers menu, select Transaction List and then select Received Cheques.
Find the cheque you want to bounce and right click on the cheque and mark the cheque as Bounced.