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Procedure documentationEndorsing Checks Using Manual Journal Entry

 

The check endorsement function enables you to forward an incoming check (for example, from a customer) to a third party (a vendor) without having to deposit it first.

You can also select an endorsable third-party check in an outgoing payment as a payment means. For more information, see Endorsing Checks in Outgoing Payments.

Prerequisites

The check to endorse has not been canceled or deposited.

Procedure

  1. Choose Start of the navigation path Banking Next navigation step Incoming Payments Next navigation step Check Register. End of the navigation path

  2. In the Check Register – Selection Criteria window, specify the relevant parameters and choose OK.

  3. Select the check to endorse. If the value in the Endorsable field is No, change the entry to Yes.

  4. Choose Endorsement.

    The Journal Entry window appears.

  5. SAP Business One automatically creates the first row of the journal entry and credits the check fund account. To debit the endorsee business partner/account, add another row.

  6. To create the journal entry, choose Add.

Result

After you have endorsed a check, you can no longer deposit or cancel it.

More Information

Check Register