Cash Check  

Explanation

Use this activity to report checks as cashed if the company uses an interim account for checks until they are reported as cashed. As the basis for reporting, you use the confirmation from the financial institution, or payment institute, that the check has been cashed.

Prerequisites

This activity requires that the Use Interim Cash Account check box be checked in the Payment Documents window.

System Effects

When a check is cashed, a voucher is generated with postings to the transit account and cash account. The status of the check changes to Cashed.

Window

Supplier Check
Issued Checks

Related Window Descriptions

Supplier Check
Cashed Checks
Issued Checks

Procedure

To cash supplier checks:

1. Open the Supplier Check window or the Issued Checks window and populate or query to find the appropriate check.
2. Select one or more rows, right-click, and then click Cash Check. The value in the State field changes to Cashed.