You would be astonished to know that on an average; around 1.2 million fraudulent checks enter the banking system per day. On the other hand, losses are growing at a rate of 2.5% annually. In this context, it is interesting to note that if your business is still using paper checks, you may quickly become prey to these fraudulent measures. Moreover, Hosted QuickBooks Enterprise would provide your company with the ability to create orders for your vendors with the help of just a couple of mouse clicks. Furthermore, if you fall prey to these unoriginal checks, then it would be a pain for you to recover from the repercussions. However, there is an easy way to prevent your business from becoming a victim of fraud related to business checks. The solution is also known as Positive Pay.
Intuit’s QuickBooks and Positive Pay
This process would work best if you allow your bank to compare to the checks you have presented to your bank at the earliest. On the other hand, the checks you have written could be manually created and then have to be uploaded to your bank. In this context, it is important to note that this process should be automated to keep it straightforward and fast. You would be fascinated to know that there are millions of businesses who are using QuickBooks accounting software. Yet there is no easy and direct way to create a file of the checks that you have sent to your bank after writing them.
How would Positive Pay turn things around?
It is vital to note that Positive Pay is a service where the company shares its check register via the electronic medium with the favored bank of that particular organization. Hence, the bank would make only paychecks that are recorded in that particular file. This allows the company to lower some fraud checks that enters the system of the enterprise. Positive Pay would come to your rescue by reducing risks on disbursements. Moreover, it would also minimalize risk factors by simplifying the account payable process. It also improves control thereby helping you to make sure that you can transact in a better manner.
You can easily create a positive pay file from QuickBooks Desktop
If you are left in the dark to create a positive pay file, then do not worry. The authorities at Treasury Software have created a solution for QuickBooks users that allows them to easily create a Positive Pay Check file out of the archive of the QuickBooks. It is fascinating to mention that this solution works well with the desktop versions of QuickBooks. It includes QuickBooks Pro, Enterprise, and Premiere. It is also available with all the online versions. Quite interestingly, the authorities of Treasury Software also offer discounts so that you can easily avail this premium feature. It would help you to neutralize risk factors thereby helping your company with growth and prosperity.
On the other hand, QuickBooks payroll software would also help with managing all your finances of your business. It has various comprehensive features and user-friendly interface that would assist you with maintaining the salaries of all your employees. Additionally, it can be said that QuickBooks gives access to various kind of interactive features which may be absent in other types of accounting software. It is a global choice among the likes of revered multinational companies as it can be easily configured with other major kinds of software like the Treasury Software. At a click of the button, you can manage the accounts of your company. Moreover, you can do it in a more secure way which would help your business with expansion.