Positive Pay/Check Verification

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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BWin
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Joined: Thu Feb 15, 2024 8:01 am

Positive Pay/Check Verification

Post by BWin »

A church I work with, advised that their auditor suggested they participate in Positive Pay (name used by their bank) or otherwise known as check verification. Where they would upload their checks after a batch has been printed so the bank has the information they can verify when the check is presented to be paid. Apparently, the auditor has run into several occasions where some checks have been changed either the name and/or amount before cashing at other businesses he has audited. Is there an easy way this can be done? Please advise.

Zorak
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Re: Positive Pay/Check Verification

Post by Zorak »

This thread has the most thorough discussion on that topic:

viewtopic.php?f=3&t=51711

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