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Positive Pay is designed for businesses that want to prevent check fraud and want their financial institution to help monitor against suspicious check activity. Positive Pay will match the account number, check number, and dollar amount of each check transmitted for payment against a list of checks previously authorized and issued by your company. All three components of the check must match or it will not be paid.

Positive Pay requires your company to send a file of issued checks to your financial institution each day checks are written. Your financial institution provides you with the file format requirements needed to submit the checks.  

Note Sage does not warrant that the financial institution associated with the name of any particular format will accept submission of that file. Contact your financial institution for their current submission requirements.

Expand/Collapse item  Positive Pay Export Wizard Column Heading Comparisons

 

Expand/Collapse item  Define Formatting Information for the File Header Record, Header Record, Second Header Record, Trailer Record, Second Trailer Record, and File Trailer Record

 

Expand/Collapse item  Define Formatting Information for the Detail Record

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