On 7/26/20 9:25 AM, Michael or Penny Novack wrote: > On 7/26/2020 11:39 AM, John Ralls wrote: > >> Did nobody read the footnote? The book was published in 1985, long >> before electronic payments became widely available. No doubt the 2020 >> edition would say something like "independently documented transfer" >> with a mention somewhere that that used to mean a check but now >> covers a variety of payment methods. >> >> Incidentally, the textbook also says that checks should ideally >> require two signatures. I don't know how to impose that control over >> electronic transfers but the local newspaper reports two or three >> cases of embezzlement a year where it's obvious that a two-person >> control would have prevented the crime. >> > Even today, just because you CAN use "electronic checks" doesn't mean > you would want to. That's going to depend on the average number of > checks per payee since a bank transfer requires knowing/storing the > bank routing number and account of each. To use the organization where > I have FINALLY been relieved as treasurer, perhaps 50+ different > payees but rarely more than two checks to the same payee in a year. > SOME payees, like for governmental filing fees provide a site, might > even require electronic payment. But only a couple of those payments n > a year.
Hmm. Better migrate to a credit union then. Mine will send checks to an address and they will even put the stamp on the envelope. There is an option to send to a phone number or email address. > So if an orchard manager sent in a envelope of receipts for > reimbursement, that would have a return address to mail a paper check > to. It's only the less well off that would be sending me receipts like > that, a few at a time. The ones well off might just save up a bunch > and hand them to me at the next board meeting and I write them a check > then and there. > > Best solutions depend on the work flow. The work required to obtain > the bank information for a direct transfer is more than the work of > writing/mailing a check. More than doing it twice. But if you are > going to be doing it ten times (to the same payee) getting the bank > info might be quicker. > > Michael D Novack > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > . -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
