Should a cheque deposit be rejected by your bank, you’ll need to log that information into Power Practice and, if you wish, charge the responsible party a ‘bounced cheque’ fee.
- Select NSF in the Code selection drop-down.
- Replace the default description, if you wish.
- Select Ok.
If you entered the cheque payment on the same day you wish to reverse it, you can affect the daily deposit.
If the payment was entered in the past, however, you should not affect your deposit rate.