Accounting Best Practices, Fifth Edition

Payments

3–31	Automate payments for repetitive invoicing
3–32	Install a payment factory
3–33	Eliminate manual checks
3–34	Increase the frequency of check runs
3–35	Have regularly scheduled check-signing meetings
3–36	Implement positive pay
3–37	Incorporate copy protection features into checks
3–38	Avoid acronym payees on checks
3–39	Use the universal payment identification code
3–40	Issue ACH payments with remittance detail
3–41	Revise payment terms for electronic payments
3–42	Install advanced ACH debit blocking
3–43	Substitute wire transfers for checks
3–44	Use signature stamp