Setting Up Receivable Cheque Account Routing (Receivable Notes)
Receivable cheque account routing sets the Receivable Notes account where a cheque is recorded from the moment you receive it until it’s collected or deposited. The system can use a single account automatically, or you can set the account for each cheque.
Required permissionsPermission to edit accounting settings.
How to accessDirect link: Cheque accounts routing. Or from the account routing settings → the Cheques tab.
Routing options
| Option | What happens |
|---|---|
| Automatic Account Routing (default) | All receivable cheques are recorded in the Receivable Notes account under Current Assets. |
| Specify per Each | The Receivable Notes Account field appears on the receive cheque form so you can choose the account for each cheque. |
Setup steps
- Open Cheque accounts routing.
- In Receivable Cheque Account Routing Type, choose Automatic Account Routing or Specify per Each.
- Click Save. The message Routing has been saved appears.
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Note: The Cheques tab appears only when the Cheque Cycle app is enabled. If you leave Receivable Notes Account empty on the cheque, the default account is used.
Deposit and fees accounts
- When depositing, the Outstanding Deposit account is used automatically. You can choose a different one from Advanced → Outstanding Deposit.
- When collecting after a deposit, the Deposit Fees Amount account is used automatically. You can choose a different one from Advanced → Deposit Fees Account.
FAQs
Where can I find the Receivable Notes account?
In the chart of accounts, under Current Assets.
When should I use Specify per Each?
If you want to separate receivable notes by bank or by client type.