Sometimes, a customer payment gets dishonoured – it might be a bounced cheque, or a reversed automatic payment. Luckily, this is easily manageable with Xero accounting software.
This video tutorial shows you how to:
– remove and unreconcile a dishonoured payment that has been matched against an invoice
– process a dishonoured payment that has not been matched against an invoice
– account for bank fees charged by the bank and reimbursed from a customer.
Try Xero accounting software for free: xero.com/signup/