Processing Cheques

Finance > Account > Creditors Payment Processor > [Process Cheques]

To process cheques:

1. Click the Process Cheques button to initiate the printing of cheques and accounting updates. This button is only available when dealing with Cheque payments. The following message will be displayed.

   

2. Click Yes to confirm that the cheque number is correct.

3. A Cheque Remittance report is generated; review this report, then print.

4. Once complete, a summary of the cheque run is displayed:

   

5. Select a line a press the spacebar to toggle the Print OK? flag. If set to "No" the system will leave the account unpaid.

6. Click OK to initiate the accounting updates. Accounting update will not be performed for accounts where Print OK? is set to "No".

A Creditor transaction is created for the payment. This is allocated to the invoices that made up the payment, i.e. the released invoices.

The system also updates the General Ledger:

• DR Creditors Control

• CR Bank