Returning Part of a Summarized Check Deposit

To return a check that was part of a summarized check deposit:

  1. Using your bank records, search the Bank Reconciliations form for the deposit date that matches the rejected check's deposit date.
    Note:  The Bank Reconciliations form includes summarized transaction records. Therefore, it may not be possible to match the exact check amount on your bank record with the exact check amount on the Bank Reconciliations form. If the Bank Reconciliations form displays multiple deposits on the day in question, use your best judgment in determining the proper row to modify. As long as you enter the correct amount, modifying the wrong row will not cause any problems.
  2. Modify the number in the Bank Amount field to reflect the actual amount deposited in the bank. The difference between the two numbers should equal the amount of the returned check.
  3. Add a new Bank Reconciliations record, with this information:
    Type
    Specify Deposit
    Amount
    Specify the [returned check amount.
    Bank Amount
    Specify 0.
    Ref Number
    Specify the customer number.
    Customer Check Number
    Specify the  check number.
    Returned Check?
    Specify Selected (if this field is disabled, save record, then check this box).
    Returned Check Fee?
    Accept the default from the A/R Parameters form  or clear the check box.
    Returned Check Fee Type
    Accept the default from the A/R Parameters form or select a type.
    Returned Check Fee Amount
    Accept the default from the A/R Parameters form or specify an amount.
  4. Open the Returned Checks form and post invoices or payment adjustments.

    For more information about what happens on this form, see Processing Returned Checks.

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