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Batched Checks are a group of checks that have been previously created but not yet printed and posted to the General Ledger. The Print Batched Checks window is shown in Figure 2.
Figure 2: Print Batched Checks window
The Batched Checks feature allows you to create checks at any time, and when ready, place the checks in the printer and batch-print them all at once with consecutive check numbers.
All batched checks will appear with a green check in the Print? column.
If there is an X, the check will not be printed.
Batches can be printed by department in departmentalized systems.
The total amount for all checks to be printed is displayed on the Total Checks line.
However, if you have EFT enabled in your Setup Wizard, the Electronic Fund Transfers area will be visible in the screen. An available option will be to filter the list accordingly if EFT or non-EFT suppliers.
Once you filter the list to only display cheques for EFT suppliers, clicking the [Export] button will enable you to select which specific bank will serve as the source account in transferring the payment into the individual supplier's bank account.
During the export process, you will need to enter the Date but normally defaults to the current date, the Description, and the Export File Name. The export file type is country specific even if you do not specify the file extension when saving. Say you are in Canada, the default output file would be a TXT file while if you are in Australia it defaults to their standard ABA format. You are then required to enter the Reference Number, information given by your bank.
See Also: Electronic Fund Transfer Setup
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