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TRUSTprocessor
Add-On Module Overview

Expense Checks

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FUNCTION:


  The Expense Checks Module automatically selects checks for payment, prints checks and creates transactions for expense disbursements. Expenses can be paid on-demand, one-time only, or on a specific frequency basis. The module can also be used to purchase assets.

BENEFITS:


   The Expense Checks Module adds value to the core system by …

   
 
  • allowing flexibility in user definition of transaction information such as description, general ledger numbers and the purpose of each disbursement.
     
  • allowing one-time payments that will not add clutter to your files.
     
  • allowing a demand payment option when the schedule is irregular.
     
  • scheduling payments according to the frequency and next payment date defined for each vendor.
     
  • allowing you to combine disbursements on one check for a vendor that is common to several
    accounts.
     
  • creating transaction entries for each check, ready to proof and post.
     
  • providing a check register that can be printed for any historical date range or check number range.
     
  • allowing cleared or voided checks to be marked for a full reconciliation functionality.
     
  • allowing for the creation of 1099-MISC forms in conjunction with the Tax Forms Module.

COMPLEMENTARY MODULES:


 
  • Beneficiary Checks Module processes payments to beneficiaries, including the maintenance of year-to-date and life-to-date totals.
     
  • Tax Forms Module prepares the 1099-MISC forms.