Wednesday, 27 November 2013
Wednesday, 27 November 2013 13:02:00 (AUS Eastern Standard Time, UTC+10:00)

The cheque printing step is a multi-functioned step in REST. When you process this step REST will:

  • Print cheques for any owners with this payment method
  • Charge Postage and Sundries
  • Split owner funds for any split owners setup in REST

It is VERY important to remember that even if your portfolio does not have any owners with a payment method of ‘Cheque’, you must still process your owner cheques.

If you don’t, you will not charge your owners their Postage & Sundries fees and any owners set up with split payments will not be split.

Also, be mindful not to process your Cheque printing step more than once or you may overcharge your Postage & Sundries fees and the Split Payments to owners will be incorrect.

Important Points to Remember

  • Never bypass the cheque printing step at end of month.
  • Never process the cheque printing step twice at end of month. Call Rockend to RESTORE to the backup prior to the cheque printing step.
  • When Paying out Split Owners ensure that you do the cheque printing step, even if they are paid by EFT.
  • If you hand write your cheques, ensure that you still print the cheques in REST onto plain paper.
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