What is the appropriate way to handle a returned check for an invoice payment?
PMHOA Treasurer Member ✭
edited April 2022 in Business and Rental Property Tools (Windows)
I have a returned check for an invoice payment. I created another invoice for the amount to keep the invoice amount due correct. In my actual money account do I just make a credit entry to void out the deposit from the invoice account?
Hi @PMHOA Treasurer
Yes, I would suggest that you make the entry that voids the deposit amount that was returned and you might want to put a description in the "Memo" field to describe what happened.
Quicken Home, Business & Rental Property - Windows 10-Home Version
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