Rejecting a Receivable Cheque (Bounced Cheque)
Rejecting a cheque means it wasn’t paid (a bounced cheque), so the effect of receiving it is reversed and the amount is again due from the party you received it from.
Required permissionsManage Receivable Cheques, set from Roles.
How to accessReceivable Cheques → open the cheque → Reject.
Contents
When does the action appear?
For a cheque with the status Received; afterward, it becomes Rejected.
Steps
- Open the Received cheque and click Reject.
- Enter the Rejection Date and Notes, such as the reason for rejection.
- Click Reject; the message Receivable cheque rejected successfully appears.
Effect on the system
| Debit | Credit | Entry date |
|---|---|---|
| Received Account | Receivable Notes | Rejection date |
Restrictions and conditions
- The rejection date can’t be before the issue date.
- After rejection, you can only edit the rejection date and reject notes.
Error messages and solutions
| Message shown | Cause | Solution |
|---|---|---|
| Reject date should be greater than or equal the issue date of the cheque. | The rejection is dated before the issue date. | Correct the date. |
FAQs
Is the amount charged back to the client?
Yes, the client’s outstanding balance increases by the cheque amount.
Rejected the cheque by mistake?
Click Undo Rejection.
Was the cheque deposited at the bank and then rejected?
Reject it while it’s in the Deposited status.