How to handle check bounce scenario when performing Bank Reconciliation?
Hi,
I entered a Receipt in receivables module which was deposited in the bank. Bank credited my account with the check amount.
Now after 2 days bank reversed the credited amount because the check bounced because of shortfall of funds in the customers account. Now in such scenario, bank statement shows 2 lines viz. Bank Credit for the deposited check and second line being the debit for check bouncing.
In such scenario, how should i reconcile both the lines with my receipt.
Can anyone let me know the solution to deal with this.
Thanks,
Abhishek
I entered a Receipt in receivables module which was deposited in the bank. Bank credited my account with the check amount.
Now after 2 days bank reversed the credited amount because the check bounced because of shortfall of funds in the customers account. Now in such scenario, bank statement shows 2 lines viz. Bank Credit for the deposited check and second line being the debit for check bouncing.
In such scenario, how should i reconcile both the lines with my receipt.
Can anyone let me know the solution to deal with this.
Thanks,
Abhishek
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