Accounts Payable, Cheques vs Online payments

[Winkleremmc]

Hi,

Looking for some best practices when it comes to accounts payable and online payments. Currently I see there is only the ability to a printed cheque for all vendor payment (unless I am missing something) and I am wondering how others handle online payables. Currently we just run the cheque but never sign or mail it, just file it with the transaction.

Any other thoughts on how this can be done so as not to waste the cheques?

Thanks!

Mike

[NeilZ]

Hi,

Looking for some best practices when it comes to accounts payable and online payments. Currently I see there is only the ability to a printed cheque for all vendor payment (unless I am missing something) and I am wondering how others handle online payables. Currently we just run the cheque but never sign or mail it, just file it with the transaction.

Any other thoughts on how this can be done so as not to waste the cheques?

Thanks!

Mike

You should be using the MANUAL Check function for online payments. Instead of a check number, you can use a local method of reference. What I've done in the past was use the 3 letter month abbreviation, last 2 of the year, a dash, then 3 or 4 digit sequentially. IE: MAR24-0010

This gives you a sequential method of tracking these online payments.

[Winkleremmc]

Thanks Neil, I will look into that option.

Appreciate the feedback.