Bounced Member Check

Lillian G. Caldwell on

I took the $50 off of the member account in Bivio for the
bounced check. The stock company took the $50 from cash
misc. expense. So now it has been deducted twice in my
mind. It is off of her account but still there as a Misc.
expense. There was also a $20 fee for the returned check.
That is in the misc. expense column too. I want to enter
it as a fee from member when she pays the new check and fee.
I guess my question is "How do I deal with this Misc.
Expense column?

Rip West on

I took the $50 off of the member account in Bivio for the bounced check. The stock company took the $50 from cash misc. expense.

I assume when you say 'stock company', you mean broker and that AccountSync set up a misc expense transaction. If so, you should delete the $50 expense transaction. If you want to charge your member for the $20 nsf fee, you should have her reimburse the club $20, and record it as a fee from her.

Rip West
Saint Paul, MN

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