Q

Replacing the cash checks program

My company uses a monthly cashed checks file from the bank to update the check register. Do we need to keep using the SAP cashed checks program if we switch to daily electronic bank statements?
No. You'll be able to discontinue the use of the cash checks program as long as your bank can provide you with the individual check numbers within the daily electronic bank statement, which is typically not a problem for most banks. The bank statement item will need to be hooked to a special algorithm (ie: 11) in order to update the check register.
This was first published in August 2004

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