Accounting - Returned Payments

Navigation: Accounting - Unit Accounting - Owner Ledger - New Transaction - Return Payment
Purpose: This is to record Return Payments (NSF) from your bank.

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Once the Return Payment form opens you will:

• Select the Payment that needs to be returned
• Set the date of the returned payment ( this would be the date on the bank statement or the document provided by the back)
• Enter the return item fee ( this could be the back charge plus any admin fee you wish to charge the owner)

Note: The Return Payment Charge Accounts are preset based on the Company/Corporation Chargeable Items and do not need to be changed or set.

Note: The memo can be left blank, keep in mind that it is for the fee and not the returned payment (this is what will show in the General Journal.