When a payment is returned (such as a bounced cheque) it is important to reverse the transaction. Typically centres will post two transactions:
- A negative payment of the same type
- An Additional Charge for any penalty charge to the account
First, add a new payment to the account. Be sure to select the same form of payment (e.g. cheque). Enter in the amount of the item returned with a negative in front. On the next screen we recommend adding the cheque number where applicable and notes (e.g. returned item / NSF).
If you charge a penalty for returned items you will click on Additional Charge and enter in the details. Note that these types of charges are ineligible for tax receipts.