![memo created by nsf support memo created by nsf support](https://s3.studylib.net/store/data/009008859_1-be58971d744933eb27f7a61021558552.png)
Information Systems and Web-Based Applications.Research Occupational Health Program (ROHP).Responsible Conduct of Research Training.PAFO Onboarding Pack for Department Administrators.International Collaboration in Research & Scholarship.Grant Management Training Videos and E-Learning.Environmental Health and Safety Training.Scientific Diving and Small Boat Safety.The transaction record is accurate in all application locations.Be sure to include the original check number and deposit date. In the Memo field, enter Reversal due to NSF.If your operating retainer includes funds in addition to the bounced deposit, adjust the Amount field as needed. The system automatically populates the Amount field with the total operating retainer.
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Now that you have moved the funds from the deposit to the operating retainer, you must account for the bank’s reversal of the deposit and withdrawal of the funds from your account. Step 3: Enter a Credit Memo for the Reversal Once complete, the invoice will have a remaining balance. Use the original payment date and amount. We recommend you apply these funds individually as your firm received them, excluding the payment that bounced. If your firm applied multiple payments to the invoice, you can reapply them using the toolbar’s Invoice Payment Using > Existing Operating Retainer function. If you receive an error with this step, you must first enable operating retainers under Setup > Firm Preferences. The system unlinks the payment from the invoice and moves the original payment to the operating retainer. Updating this invoice will unlink the payments and money will move to Credit (Operating Retainer) Account. The Warning message reads: There are payments linked to this invoice. In the upper right corner, click Generate.The system returns you to the Invoice screen with your highlighted invoice. This Unfinal Invoice message reads: Invoice status is changed to Unfinal. From the toolbar, click Action > Unfinal Invoice.
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To modify the original deposit transaction line memo: Record a Matter’s NSF Operating Deposit Step 1: Modify the Original Deposit Transaction Memo Line For accounting and recordkeeping purposes, you can record when an operating account deposit fails to clear, or bounces, due to insufficient funds (NSF). Most matter-related deposits to your operating account will fall into two categories: invoice payments and operating retainers.