Instead of writing a letter of instruction to the bank, you write your own check to yourself and give it to the bank to collect the amount.
From the window, you need to select a Bank and Bank Branch , then select the Maturity Date and Collection Date , and finally type the Amount .
Next, you must define the Debtor as "Self" or "Approved" from the drop-down box.
You can also save check details as follows:
Check No.
Bank Account Number
Serial Number
Place of Drawing
After saving the screen, the information you entered above can be viewed under the "Check Card" tab.
If there are any other check transactions, the "Last Transaction Information" and "Initial Presented Account" sections will also be displayed under the "Check Card" tab.
You can track not only the first and last transactions but also all checks under the "Check Card" tab -> "History" tab.
Writing Our Check and Issued to Bank Information
According to the definitions made in Check Portfolios and Check Portfolio Accounts ; Checks Payable Account , Check Portfolio and GL Account fields are automatically filled by the system.
CQO - Check Given to the Bank
You want to withdraw money from the bank. Instead of writing a letter of instruction to the bank, you send your own check, previously written to yourself, to the bank to collect the amount.
According to the definitions made in Check Portfolios and Check Portfolio Accounts ; Checks Payable Account , Check Portfolio and GL Account fields are automatically filled by the system.
You must select the Check ID from the "Checks" window.
After selecting a "Check ID", all information about the check can be viewed under the "Check Card" tab.
The first and last transactions will also be displayed in the "Last Transaction Information" and "First Presented Account" sections under the "Check Card" tab.
You can track not only the first and last transactions but also all checks under the "Check Card" tab -> "History" tab.