2016-11-21 00:00:00InvoicingEnglishAdd cheque numbers to invoices and receipts for quick reference in the future. This simple step improves productivity and optimizes cash...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/10/bookkeeper-reviews-invoices.jpghttps://quickbooks.intuit.com/ca/resources/invoicing/add-cheque-numbers-to-every-invoice-to-simplify-payables-and-receivables/Add Cheque Numbers to Every Invoice to Simplify Payables and Receivables

Add Cheque Numbers to Every Invoice to Simplify Payables and Receivables

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When a cheque number is noted on an invoice or receipt, it usually indicates payment. This simple step improves the functionality and efficiency of your bookkeeping system.

Designate space for Canadian cheque numbers on your payable and receivable forms, and enter the data on the proper document when the payment is remitted or processed. With the cheque number noted, it’s easier for both parties to recognize completed transactions, and it provides an additional search value should any questions arise about a specific payment.

It is also good practice to include the vendor’s invoice number on your cheque each time you submit a payment, and encourage your customers to do the same with their payments.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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