EZLynx Accounting: Steps to Record Bounced Checks
Modified on: Wed, 2 Mar, 2022 at 5:29 PM
Once a transaction in Accounting is finalized, it cannot be edited. So, if a customer's check bounces after an invoice is created with an attached receipt, the receipt needs to be reversed. This allows the invoice to re-open the A/R balance for the customer. Then, a user simply creates a new receipt to record the new payment.
To reverse an existing receipt:
- Locate the applicant
- Click the Invoices tab at the top, in blue
- Scroll down to the Receipts grid, and click blue reference # link to open receipt
Tip: Use the Search bar to quickly locate a receipt by reference #. Or, click any column header to sort and locate data more quickly.
- Click blue Actions button, and select Reverse.
- Wait for the page to refresh, and verify the status shows Reversed.
Next, create the new receipt:
- On the applicant's Invoices page, click Add Receipt.
- At Payer, the applicant name is pre-filled.
- Enter required data, and Save.
- Click Actions, then select Apply by Invoice.
- Choose the invoice and click Save.
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