Available from version 12+
You can now reverse the receivable payment invoices (e.g.: for NSF) like regular invoices. You don't need to call the support team anymore. Use the "$" icon from the history by selecting a red line : Account receivable transaction on the account.
It will automatically revers the payment method, in 99% it will be a check payment and it will put the amount back in receivable. Please visit the link below for more information.
PS: Not supported with any bridge : like QuickBooks, Acomba or SAGE bridge or file transfer....
Why manage your NSF correctly ?
- First is to manage your tax. we have seen customer creating a new invoice with a taxable product... Now your are paying taxes in double and generating incomes taxes on the amount twice.
Consequence of NSF:
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If you have a lot of non-sufficient funds transaction, it may influence your margin. In some case bank might froze some deposit amount until the transaction is clear. Less NSF, the better your are.
DEFINITION OF NSF
The term non-sufficient funds (NSF), or insufficient funds, refers to the status of a banking account that does not have enough cash to allow the transactions. NSF fees, also describes the fees charged when a check is presented but cannot be processed based on the balance in the account.
