The CHEQ-IT Cheque Printing Software meets the compliance requirements for the Canadian Payments Association Standard 006: Specifications for Imageable MICR-Encoded Payment Items.
Our Cheque Printing Software lets clients operate their own systems to efficiently and cost-effectively pay suppliers and employees using multiple bank accounts and automated cheque signing protocols.
CHEQ-IT Cheque Printing Software interfaces with the accounting applications from:
• CS Explorer
• P2 Energy Systems
• Ideas International
• JV Nexus
• Envision Systems
• JD Edwards
• Simply Accounting
Other cheque writing software from leading accounts payable systems typically have two shortcomings:
• Expensive pre-printed cheques are required
• Different cheques are required for every bank account that a company uses
This creates two disadvantages:
• An inventory of cheques must be kept for each bank account
• Every time cheques are printed on a different bank account, the appropriate cheques must be loaded into the printer.
The CHEQ-IT system overcomes both these weaknesses by using a combination of blank cheque stock and MICR toner.
In addition to overcoming these issues with traditional accounts payable systems, CHEQ-IT offers several other benefits.
Multiple cheque signing protocols
The CHEQ-IT system allows you to define your cheque signing protocols
You can ask CHEQ-IT to automatically place different signatures on cheques
Assign different combinations of signatures for different cheque values
Require different security clearances to print cheques of different values.
You can even tell CHEQ-IT not to sign cheques over a certain value so that they must be scrutinized and signed by a real person.
CHEQ-IT provides daily log reports for audit and control purposes.
Using CHEQ-IT’s blank cheque stock avoids the necessity to have a variety of cheques on hand, and the potential waste and expense of destroying a stockpile of pre-printed cheques if you change your bank account or address.