About checks and bank charges

Using 1-1 Checks/Bank Charges, you can produce general ledger checks, transfer funds between cash accounts, enter bank charges, and cancel check numbers. When entering a check, you can break down costs by creating separate line items, and you can even post each item to a different ledger account. To pay a vendor, however, you create the check through 4-3 Vendor Payments.

Suppose you want to issue a check to a telephone company for last month’s bill. To indicate to Sage 100 Contractor that a check will be printed for the transaction, you type a placeholder consisting of four zeros (0000) in the Check# box. Then when selecting check records for printing, you indicate the check number at which you want to begin printing. As Sage 100 Contractor prints checks, it substitutes the placeholder in the posted record with the appropriate check number.

You can also enter transactions that do not require printed checks. For example, you might issue a hand written check and will not need to print a check. In this case, you enter the check number you issued in the Check# box.

In the grid, you can itemize the expenses and post them to different expense accounts. When you indicate a direct expense account, equipment expense account, or WIP account Sage 100 Contractor requires you to create a cost record.