It is customary that the customer reimburse the supplier for the bank fees associated with a dishonoured cheque. Here's what's involved: Task 1: Record the dishonour feeThe dishonour fee will appear on your bank statement and is entered using Spend Money. Open Spend Money, change the Cheque No to Fee and allocate the transaction to your bank fees expense (6-xxxx) ledger account. This will result in a debit posting to the expense account. Task 2: Record the reimbursementThe reimbursement can be entered using one of the following methods - both of which will result in a credit posting to the expense account, which will offset the debit posting recorded in Task 1: Receive Money: Open Receive Money and allocate the receipt to the same expense account used to record the dishonoured cheque fee. Receive Payments: Create a sales invoice for the customer, allocating it to the same expense account used to record the dishonoured cheque fee. Open Receive Payments and apply the payment to the invoice. |