cheque

How to Deal with NSF Cheques & Bad Debt in QuickBooks

Somewhere along the way in dealing with Customers, you will eventually come across an NSF cheque. It happens, it’s part of business, so don’t get too bent out of shape. How you record this will definitely make a difference. In recording this NSF cheque you will have to reverse the payment in the Customer account and add the bank charge as part of this entry. So with that in mind...

Read More

Receiving Payment in QuickBooks

Receiving Payment in QuickBooks

As we carry on with this series related to Customers in QuickBooks, let’s assume you have now received payment for the invoice that you created previously. This payment may have arrived in the form of a cheque, wire transfer, credit card, debit card (if you are using that feature) or even cash. You should be getting accustomed to using the Home page by now and will know where the icons...

Read More