Does a dishonoured payment affect credit score?

Could you please clarify for me how a dishonoured payment could potentially impact an individual's credit score? I understand that a dishonoured payment means that the funds were not available to cover the transaction, but I'm unsure of the exact consequences it may have on creditworthiness. Would this type of payment issue be reported to credit bureaus, and if so, how would it affect credit scores and potential future lending opportunities? I'm looking for a concise explanation of the potential implications.