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How to Record a Bounced Check and New Payment


In this article, we will review how to record a bounced check that was posted to the Bank Account by following these steps: 

  1. Record the bounced check from the Agent.
  2. If applicable, record the insufficient funds fee.
  3. Make an adjusting entry to the bank register to account for funds charged back by the financial institution.

Additionally, the article will give instructions on how to collect the funds back from the Agent to cover the insufficient funds fee and the payment of the original invoice.

Please find the available resources below.

Quick Reference:

Link to Full Step-by-Step Guide

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