The measures and procedures provided outside the business to protect cash and other assets.
a written order directing a bank to pay money
Alloes a person or business to deposit cash in a bank and to write checks against the account balance
a person who has deposited money in a bank or similar institution
Includes the signatures of each person authorized to sign checks on the bank account.
procedures a company uses to protect its assets and ensure the accuracy of its accounting information
A slip of paper kept by the bank to show how much money you put into your account.
The bank on which a check is written
A person who signs the check
A signature on the back of a check authorizing a bank to cash or deposit the check
A person to whom a check is written
A check endorsement that restricts or limits how a check may be handled
Monthly printout from your bank that shows all transactions in your accounts.
Checks that the bank has paid and deducted from the depositor's account.
reconciling the bank statement
The process of determining any differences between a bank statement balance and a checkbook balance.
voiding a check
Canceling a check by writing the word "Void" across the front in ink.
bank service charge
electric funds transfer system
Allows banks to transfer funds among acconts quickly and accurately without the exchange of checks
A check returned to the depositor by the bank because there are not sufficient funds in the drawer's checking account to cover the check.
Checks that have not been deducted from the bank statement balance.
Deposits that have been made and recorded in the checkbook but do not appear on the bank statement.
stop payment order
a written notice that tells the bank not to pay a certain check