Setting up the impound checkbook(s)

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Important reminder!

Product support for Engagement CS is ending on September 30, 2020. See Engagement CS license expiration 2020 - frequently asked questions for more information.

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS permanently expired on March 1, 2017.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of Creative Solutions Accounting.

Although you may only require one Impound checkbook, you have the ability to set up multiple checkbooks, one for payroll impounding and one for tax impounding, for example.

  1. Choose Setup > System Configuration > Impound Checkbook.
  2. In the Impound Checkbook dialog, fill in the appropriate fields in the General tab.
  3. If applicable, click the MICR tab and specify MICR numbers for the impound checkbook. See the Assigning MICR specification numbers for the impound checkbook procedure.
  4. Click the Direct Deposit tab, and select the withdrawal bank and account type from the drop-down lists. We also strongly recommend that you prenote the Impound checkbook.

    Note: The banks available in the drop-down list are those previously set up through the Maintain Electronic Transaction Files dialog (choose Utilities / Direct Deposit and then choose Setup > Bank Information).

  5. Click the Bank Reconciliation tab and enter the reference number that should be used in GL Transaction export files during impound bank reconciliation.
  6. Click OK to save your information and close the Impound Checkbook dialog.

See also: Impound overview and procedures

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