Posting Negative Revenue (NSFs&EFT Bounce)

Ken · 09-25-2001, 10:53 AM

I'm looking for suggestions on how to keep my bookkeeping straight when a customer either:1. Bounces a checkor2. Has an EFT declineIn both cases, we have posted a transaction showing revenue, is there a way to come up with a transaction code that would back the revenue out & freeze the account until payment's made?Thanks,Ken

Ladybug · 10-05-2001, 02:44 PM

You can make a sales code that will be able to do that. Helios calls it a chargeback.

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09-25-2001, 10:53 AM	#1 (permalink)
Ken Join Date: Nov 21 2000 Location: Midwest Posts: 40 Rep Power: 0	I'm looking for suggestions on how to keep my bookkeeping straight when a customer either:1. Bounces a checkor2. Has an EFT declineIn both cases, we have posted a transaction showing revenue, is there a way to come up with a transaction code that would back the revenue out & freeze the account until payment's made?Thanks,Ken

10-05-2001, 02:44 PM	#2 (permalink)
Ladybug Join Date: Oct 5 2001 Posts: 6 Rep Power: 0	You can make a sales code that will be able to do that. Helios calls it a chargeback.

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