nsf_payment_handling
Differences
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nsf_payment_handling [2007/08/15 11:01 (17 years ago)] – created andrew | nsf_payment_handling [2012/11/26 12:44 (12 years ago)] (current) – pwright | ||
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FIXME | FIXME | ||
- | <note important> | + | <note important> |
+ | They need not be touched to properly handle an NSF payment**</ | ||
==== Steps ==== | ==== Steps ==== | ||
+ | **There are two options** | ||
+ | Option 1. | ||
- Make a new A type invoice for the NSF customer. | - Make a new A type invoice for the NSF customer. | ||
- | - Add the G/L code to the invoice for your affected | + | - Using the drop down menu to the right of the **Add Item** icon, add the G/L code to the invoice for your bank, usually 1010 |
- | - Add a comment to the invoice explaining why it was created and by who, etc. | + | - Use a quantity of one, and the amount |
+ | - Add a comment to the invoice line **Description** explaining why it was created and by whom, etc. | ||
+ | |||
+ | |||
+ | Option 2. | ||
+ | |||
+ | - Create a **Non Inventory Type Category** in Category Maintenance called **NSF Payments** | ||
+ | - Set both of the **Income and Cost ledger numbers** for that category to your **Bank Ledger or NSF Ledger account number** if preferred | ||
+ | - **Add a Part** to the NSF Category called **NSF Fee** or Returned Item, no other details are needed | ||
+ | - **Make an A invoice to that customer**, sell the NSF Part wit a quantity of one, and the price equal to the NSF unpaid balance. | ||
+ | - **Add a comment** to the invoice | ||
+ | |||
==== The above does the following for you: ==== | ==== The above does the following for you: ==== | ||
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* Removes the amount of the NSF from the affected bank account. | * Removes the amount of the NSF from the affected bank account. | ||
* Leaves an invoice we can accept a replacement payment against to settle the debt (or worse case eventually write off as bad debt). | * Leaves an invoice we can accept a replacement payment against to settle the debt (or worse case eventually write off as bad debt). | ||
+ | * Keeps a historical trail for future reporting. | ||
\\ | \\ |
nsf_payment_handling.1187200902.txt.gz · Last modified: 2007/08/15 11:01 (17 years ago) by andrew