NSFs are insufficient fund fees that can be added to a tenant/costumer account. When recording an NSF, you are able to add the amount charged to tenant by PHA (the fee applied to the tenant’s account by the PHA when a check the tenant has given as payment is returnedby the bank as NSF), and the amount charged by the bank to the PHA (the fee that the PHA is charged by the bank when a tenant check is returned NSF).
Note: Click here to find out how NSFs affect General Ledger. See "Record an NSF Check"
Copyright © Tenmast Software 2011