Check and P. Note input and output transactions and status changes are recorded by selecting the appropriate slip type. Type selection is performed on the type field of the Add Check/P. Note window accessed by clicking the "New" option.
The slip types used in Check/P. Note transactions are:
Checks Received | Used to record information regarding checks received from accounts receivable/payable. |
P. Notes Received | Used to record information regarding P. Notes received from accounts receivable/payable. |
Checks Issued (To AR/AP) | Use to transfer customer checks in portfolio and company checks to accounts receivable/payable. |
P. Notes Issued (To AR/AP) | Use to transfer customer P. Notes in portfolio and company P. Notes to accounts receivable/payable. |
Checks Issued (To Bank for Collection) | Used to issue checks in portfolio to banks for collection. |
P. Notes Issued (To Bank for Collection) | Used to issue P. Notes in portfolio to banks for collection. |
Checks Issued (To Bank as Collateral) | Used to issue checks in portfolio to banks as collateral. |
P. Notes Issued (To Bank as Collateral) | Used to issue P. Notes in portfolio to banks as collateral. |
Group Processing Slip (Customer Check) | Used for status changes in customer checks. |
Group Processing Slip (Customer P. Note) | Used for status changes in customer P. Notes. |
Group Processing Slip (Company Check) | Used for status changes in company checks. |
Group Processing Slip (Company P. Note) | Used for status changes in company P. Notes. |
Inter-Division Group Proc. Slip | If the company has divisions in different locations, this option is used to process check transactions of these divisions. |
Inter-Division Group Proc. Slip | If the company has divisions in different locations, this option is used to process P. Note transactions of these divisions. |