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How do I resolve a bounced cheque?
How do I resolve a bounced cheque?

Resolve bounced cheques

Dan Wakenshaw avatar
Written by Dan Wakenshaw
Updated over 4 years ago

If you have a cheque returned to you as 'Refer to Drawer' because it has bounced, you need to remove the value of the cheque from Tali.

Note: Do NOT cancel the original cheque receipt or alter the original paying-in slip. This will appear on your Bank Statement as a Debit and a Credit which will need to be reconciled.

To remove the value of the cheque from Tali:

  1. Select Transactions > Record Expenditure.

  2. Select the User Account against which the cheque was received.

  3. In Description type 'Cheque returned by Bank'.

  4. Enter an appropriate date.

  5. Enter Type as a direct debit.

  6. Select the Bank account the cheque was paid into. This bank account will now be reduced by the value of the cheque.

  7. Enter the Amount of the cheque.

  8. Enter any extra Notes you need to make.

  9. Select the Name from whom you received the cheque.

  10. Click Save or Save & Print to save your transaction.

The direct debit transaction will need to be reconciled when the transaction appears on your bank statement.

This will reduce the balance of the User Account and record a 'payment' against the name of the person from whom the cheque was received. It will also create a direct debit against the bank account. The 'value' of the cheque receipt has been negated.

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