Question

Businesses as well as individuals are increasingly targets for fraud in today's world. Search the QuickBooks website, quickbooks.intuit.com to learn about QuickBooks security features for checks and bill paying. Discuss two types of check security features available in QuickBooks that caught your attention. Discuss how these features could benefit you if you were a businesss owner.

Answer 1

Security features for Checks

• Voided / Deleted transaction
• Missing Checks
• Limit for Manual Checks
• Sign-off approvals
• inkcrypt security feature: scan QR code

Security features for Bill-Payin

• Expense, and, reimbursement policy
• Limit permissions for entering bills
• Online banking to match deposits, and, expenses in real time

Features for Checks

• Deleted, or, voided transactions - If a person prints a check, it saves a transaction before being printed; if a check is deleted after it is issued, it can be found in the reports menu, accountant & taxes deleted transactions report
• Review outstanding deposits, and, checks - Review aged checks, to ensure they are not duplicate transactions, errors do not hide fraudulent activity