Any Quickbooks Pro Experts - DPChallenge Forums

01/05/2010 07:37:44 PM · #1

I need some help with entering some information into Quickbooks Pro. A client wrote me a check in the amount of $150.00 and it bounced. The bank charged me a $35.00 so I asked the client to cover the charge.

A few days later my client made another payment of $185.00, $150 for services rendered and $35 for the overdraft charges.

How do I enter that into QBP to have it show me (and the CPA) that the services rendered and the service charge has paid?

Canon EF-S 18-200mm f/3.5-5.6 IS

01/06/2010 07:29:28 AM · #2

Morning bump

Tammster

Canon EOS-60D

01/06/2010 08:33:14 AM · #3

Assuming you use invoicing (as opposed to just entering a deposit) you could create a separate invoice for the fee. Feel free to PM or email me if you have any QB questions.

CEJ

Canon EOS-40D

Canon EF-S 18-200mm f/3.5-5.6 IS

01/06/2010 09:47:34 AM · #4

bust post...

Message edited by author 2010-01-06 10:41:01.

Apple iPhone 5

Nikon AF-S DX Zoom-Nikkor 18-55mm f/3.5-5.6 ED

01/06/2010 10:05:08 AM · #5

If the bank charged you the $35, then you should enter this as a separate transaction.

You will end up with $185 into your current account from the client to pay the $185 invoice (you can list the $35 as a separate line on the invoice if you want, but it's incidental that this money is going to be used by you to pay the bank charges)

As a separate entry then show the $35 going from your bank account to pay 'bank charges' (there's probably a nominal code for bank charges which will contain overdraft fees and transaction costs) - as Tammster said, you can create this as a $35 invoice from the bank which you then pay from your current account.

This should all reconcile correctly (on the bank rec, you'll have a $35 fee which reconciles against your $35 payment, and a $185 lodgment which reconciles against the client invoice)

01/06/2010 02:01:14 PM · #6

Okay thank guys I'll give it a go.