Payables and Cash Management - EBS (MOSC)

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Closing Payable Day -3: how to handle need for current date checks.

edited Feb 10, 2011 8:41AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
 What can we do about the inability to create a current date check after the period is closed?

Background: Going to close three days prior to month end. Due to nature of the business, often need current date checks to take to municipalities for permits.  Have requests for current date checks of10-25 per day.  Usually would go with cut a manual check and record in following period but volume is prohibitive.  ACH takes three days to clear.  State governments prefer paper checks to wires or ACH (guess they want to photocopy and staple to other paperwork).  Calendar is already set up through year 2045.

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