This utility can be used to generate an N.S.F. (Non-Sufficient
Funds) charge against a posted "paid" invoice, and to bill
the bank's service charge for a "bounced payment" back to the
customer.
The N.S.F. invoice will be charged to the customer as On Account,
even if the customer is flagged as a Cash customer.
In preparation for using the Create NSF Charge utility,
setup a service record in Service Codes
for N.S.F. Service Charges, and define it as Type A or
I.
Assign a GL account for the N.S.F. receipts and set the service
charge as tax exempt, if no taxes will be levied on NSF
charges.
The amount can default if pre-set on the Service Code, but can
always be over-typed as the N.S.F. charge may vary.
The prompts to create the NSF charge using Create NSF Charge are:
The list can be resorted by any column in ascending or
descending order, by clicking on the column heading.
Columns can also be dragged and dropped to reposition them as
required.
To view the details for an invoice displayed list, double-click on the appropriate record, or highlight the record and click the VIEW INVOICE button, as outlined in View Document Information.
To select a value from the displayed list, double-click on the appropriate record, or highlight the record and click the SELECT button.
The invoice can always be printed later from Print Invoices.
Upon Receipt Of Replacement Check:
When the NSF check is repaid or certified, treat the replacement
check like a regular payment.
Process it using Customer Payments to pay
off the NSF invoice with Service Charges.
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