Dollar threshold for check payments

April 22, 2020


Q.¬†Currently, my company is looking at implementing a policy that limits the number of checks issued, by setting a dollar threshold to have a check issued from our ERP system. For example, invoices over a certain dollar amount must be paid with ACH or virtual card, no check processing allowed due to it is over the threshold of $xxxx. I was wanting to know if the experts on the panel have a dollar threshold set for issuing checks where if the invoice is over a certain dollar amount, payment must…

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