What Is Meant By Check Drafting Facility?
Check Drafting Facility is also known as remotely created checks as the checks are not created by the account holder. Instead, the client or the vendor creates the check using Zil Money check creation software, and the approval for check creation is taken from the account holder. In usual cases, the account owner will be creating checks and will be sending the check to the payee for making payments. However, here, the client or the vendor is creating the checks after getting all the banking details from the account owner. After getting all banking details from the owner of the account, checks are created and the same is submitted to the bank or any other financial institution for cashing.
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Vendor Management: Bill Pay, One Click Check Mailing, Invoicing, Positive Pay, User/Ap Use the application on your desired platforms. Positive Pay, User/Ap Use the application on your desired platforms.
How Check Drafting Facility Can Be Created?
Before going to Check Drafting Facility, the client or the vendor has to contact the account owner to receive the banking details. Zil Money helps to create checks and to add the details on the check. The banking details that should be added to the checks are the bank account number and the bank routing number. Banking information can be collected from the account owner over the phone or by mail or fax. At the signature area “no signature required is written” as the checks are not issued by the account holder. After all the details are been filled in, the check can be cashed easily. Also, the check template can be saved which will be helpful for recurring monthly collections such as payment of rent or any other sort of utility payments.
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Vendor Management: Bill Pay, One Click Check Mailing, Invoicing, Positive Pay, User/Ap Use the application on your desired platforms. Positive Pay, User/Ap, Use the application on your desired platforms.
I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.
Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well.
I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.
I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.
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