How to Reflect a Sales Bank Cheque in REST Professional

Overview

Bank cheques may need to be provided upon settlement of a sales property or to be used as a deposit for another purchase.  Bank cheques are cheques that are issued by the bank therefore will not be a REST generated cheque and follow the usual cheque number sequence.

Steps

1. Go to Transactions > Sales > Disbursements

   • Alpha – Enter the alpha index of the sale property and press Enter

   • From – Select Trust Account

   • To – Select Vendor and then enter the Payment Details for the Vendor as Cheque

   • Type – Select Other

   • Amount – Enter the amount the bank cheque is for

   • Description – Enter a Description i.e. Settlement Funds Bank Cheque no ####

   • Ref/Invoice No. – Enter the property address or a reference to the payment

2. Click on OK-F12

3. You will be prompted with the Cheque Printing Screen, enter cheque number 999999 and click Start printing

   NOTE: This process uses a self presenting cheque number in REST Professional and should be done once the debit from your trust account appears on your bank statement.