Manage Payment Returned from Bank

There may be odd times when an amount is paid via the bank account but the recipient's account number is entered incorrectly, and the payment is dishonoured (bounced) by the bank.

Following are the steps to return the payment in Jim2.

1.Open the Creditor via Accounts > Creditors.

2.Add a creditors adjustment up to the bank account using tax code X.

This will:

▪add a new outstanding balance on the account

▪put a deposit entry in the bank account to return the funds to reconcile.

Now add the creditor payment using the correct account details.

Further information

Central Billing in Creditors

Creditors Allocate Payments Grid

Creditor Form

Creditors List

Creditors Payments Tab

Creditors Documents Tab

Creditors Notes Tab

Creditors Opening Balances

Creditors Reports

Apply a Credit/Prepayment

Cancel a Payment/Cheque

Clear Small Creditor Balances

Create a Creditor Refund

Creditors Adjustments Up and Down

Enter a Credit

Enter a Payment

Enter a Prepayment

Discounts and Account Fee entries

Reversal Entries

Reverse Discounts and Account Fees

Send a Remittance Advice

Show Invoices Due

Unallocate a Payment