Check and P. Note transactions are recorded by selecting one of the slip types shown in the table below.
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. |