A CFO of a client who is contemplating NetSuite CRM and accounting capacities recognized that his Intacct accounting system has magnetic ink character recognition (MICR) but it appears that NetSuite does not. In their business, they have multiple offices where they cut checks. “It is convenient to work on plain paper because I do not need to distribute prenumbered check stock or manage multiple bank accounts.”, says the CFO. As an interesting side note, he is using standard ink versus magnetic ink and the banks appear to process the checks fine.
Checking the user community forum, there is some dialogue about blank check stock with some suggestions about exporting data as CSV and then using a third party package to print the checks — but in my assessment, this would just be too cumbersome.
At the time of this writing, NetSuite has enhancement #6055 with 19 votes which suggests that it not a very high priority. Most NetSuite users probably have created their own practices for check printing distribution.
We could build a solution in the Cloud to bring this together. But why build this when NetSuite’s PDF printing works very well and it just seems that it would not be hard to add these capacities?
Marty Zigman
Holding all three official certifications, Marty is regarded as the top NetSuite expert and leads a team of senior professionals at Prolecto Resources, Inc. He is a former Deloitte & Touche CPA and has held CTO roles. For over 30 years, Marty has produced leadership in ERP, CRM and eCommerce business systems. Contact Marty to set up a conversation.
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