Title
Creation of Positive Payment File (USA-Specific)

Purpose
In the USA, companies report all issued and invalid checks to theappropriate house bank. The house bank is responsible for ensuring thatthe reported checks can be cashed, or can no longer be cashed. Based onthe checks created or changed in the system, the report creates asequential file (default) that you can use as a basis for the report tothe house bank. Depending on your selection criteria, you can alsoselect checks that have already been reported. This enables you forexample, to recreate a report file that has already been submitted tothe house bank but has got lost.
The system flags checks individually as to whether they have beenreported.

Prerequisites

Features