NSF or Returned Checks

NSF or Returned Checks

❓ FAQ: How do I handle bounced or NSF deposits in a Loft deal?

If a deposit or cheque from an outside source bounces or is returned NSF, you should record it in Loft by following what actually happened at the bank.

The rule is simple:

  • Money received by the bank = Add Deposit

  • Money returned by the bank = Release Funds

In practice, you would first record the original deposit using Add Deposit, then reverse it by completing a Release Funds transaction to reflect the bounced or returned amount.

This ensures your deal accurately matches your bank activity.

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