Handling Bad Checks

If a check is returned before it’s posted and you want to record the check in the loan’s payment history:

1. Select the payment entry in the journal by clicking it.
2. Use the Databases | Journal | Bad Check In Journal menu sequence to bring up the Bad Check in Journal pop-up screen.
3. If there’s a penalty, enter the amount in the Penalty box.
4. Click [OK].

If you delete the bad check from the journal before posting and then decide you want to show it in the payment history you can enter it as explained in Section 3.8.2, Page 23.

Figure 22 Bad Check in Journal Screen

If a check is returned after it’s been posted:

1. Select the loan by clicking it in the Accounts list.
2. Use the Databases | Journal | Bad Posted Check menu sequence to bring up the Returned Check screen (Figure 23).
3. If the returned check is earlier than the most recently posted one, select the cor- rect returned check.
4. If there’s a penalty, enter the amount in the Penalty box.
5. Click [Enter].

Figure 23 Returned Check Screen