I've gone through the QuickBooks help, but I'm still not finding how to record the following: Customer did a stop payment on a check we already received in, we will likely never be collecting on this invoice.
Probably the easiest way to do this is to issue a credit memo and then select that you’re refunding by check and don’t give it a check number. This will reduce your income and create a check in your checking register that will match the stop payment amount. You might also have a bank fee to enter, you can enter that as a check as well.
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This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman
Ruth is the an Intuit Premier Reseller that offers great deals on QuickBooks POS and QuickBooks Enterprise. She has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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