Key Concepts > Accounting > By the Bookkeeper

Banking features of POSitive are limited to maintaining a checkbook registry in POSitive with the ability to print checks and reconcile bank statements to the check registry.

THINGS TO UNDERSTAND

Fast Facts about POSitive Checkbook

•	the checkbook is optional; the checkbook does not have to be maintained for POSitive to function properly.

•	it can be used independent of POSitive transactions.

•	it can be semi-automated in that checks to vendors can be automatically posted (see System Setup: Accounts Payable)

•	.. but end of day deposits must ALWAYS be entered manually, usually from the Cash On Hand account.

•	it keeps a running check register balance.

•	it can print checks in a single check or voucher check format.

•	it allows for modification of check layout to match positioning on pre-printed checks.

•	it can reconcile check register with bank statements

•	it can print a check register report.

•	it can reprint checks.

•	entries and edits automatically update the GL, however, if the GL entry has been posted to Transaction History no change is made to the GL.

•	checks can be assigned to multiple GL accounts; split transactions

•	can support multiple bank accounts with separate check numbering

•	each bank account can have an assigned GL account

THINGS TO DO

•	Review the function and capabilities of the Checkbook feature.

•	Use a sample company to practice with the Checkbook. (see Import Sample Data)

Advance Setup

•	Define the Accounts Payable Setup under System Setup (see Accounts Payable)

•	Create your Bank Account(s) - (see Bank Account Form)

•	Define the Check Layout - you have a choice of standard or voucher formats (see Check Layout Setup)

•	Enter a beginning balance in the Checkbook (see Checkbook)