"Un-applying" a NSF Payment 1

[KnightRider9]

(Macola ES, release 360, version 4.0.0.323)


We had a check from one of our customers get returned due to NSF. Our accountant would like to know how to handle this properly in Macola? How do we “un-apply” it and get the aging corrected as it’s still “outstanding” and needs to be paid?

thanks

 

[NEmacGuy]

There are a few way of handling this. I normally would unmatch the original cash receipt from the invoices that it paid. Then enter a negative cash reciept (payment) thru cash flow. (Note you have control over the G/L dating) and match the payment to the original cash receipt. I would also enter a note as the the nature of the transaction either in notes, or the payment reference.

 

[dgillz]

Right on, NEmacGuy.

Are you going to Engage?

Software Sales, Training, Implementation and Support for Macola, eSynergy, and Crystal Reports

http://www.gainfocus.biz

"What version of URGENT!!! are you using?

 

[NEmacGuy]

I going to engage. Hope to see you there.

 

[crystalreporting]

MemacGuy's method is correct. There is a document (07.320.664) on the Exact portal that outlines the process and individual steps if you need more information.

Peter Shirley
Macola Consultant, PA and surrounding states.

http://www.srhconsulting.com

 

[KnightRider9]

Thank you for the help...