A Way to Record Bounced Checks

When we deposit a check in the bank, it is recorded through the Treasury Module in Deposits and Payments. If that check then bounces, there is no way to show in FE that it bounced. Currently the only options are to delete the Deposit (if that was the only check in that particular deposit) or to record a journal entry, reversing that payment. Either way, there is not a full history of that payment in the system because you are either deleting it, which makes it seem like it never happened, or you are recording a reversal in another module, which doesn't link back to the original payment. There should be a way to reverse Payments if they bounce and keep all the history of that transaction in one place.

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  • Nov 9 2023
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