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Chapter 8 | Banking

Recording Cheque Returns

Since we record every cheque which is deposited into the bank, it is important to reverse it if the cheque issued by a customer returns from the bank. This means that the customer account has to be reversed and the Bank balance reduced. Now, I will show you how a Cheque return is recorded in Moiboo Software.

  1. Go to journal under accounting tab.

  2. Click on add journal.

  3. Now Add Description.

  4. Select date.

  5. Select customer name.

  6. Add debit amount.

  7. Select cheque in hand ledger.

  8. Add credit amount.

  9. Click Save.