QuickBooks has some neat cheque writing options that can be useful for businesses. A basic component of this is the ability to print out cheques from the system that can be neatly printed out on cheque stock for easy use. Options exist to add a signature on the QuickBooks Cheques automatically although for many different businesses this may be potential internal control issue. Various forms of cheques can be created in QuickBooks and third party services can add additional security features to printed cheques.
Many organizations run their cheques through a positive pay system that transfer the cheques to their bank. When the bank receives a cheque to cash the cheque is first reviewed against the list of transferred cheques to see if they are preapproved and will be honored. This is an excellent fraud, internal control that provides companies with added protection. Positive pay is not an option that comes standard in the QuickBooks Cheques program but there are many third party providers that have add in files that can transfer
On the receivable side, scanning in cheques can be handled and integrated both into the QuickBooks software for easy recording and transferred to a bank deposit with third party solutions. This can present businesses with the ability to save time on depositing cheques using even a basic accounting system like QuickBooks.
While QuickBooks is considered a basic accounting system it is simple to use and has several basic functions for writing cheques. Added third party solutions can increase the functionality of the accounting system with new security measures that can be beneficial for businesses.
