Machine-Readable Cheques

Cheque-in Facility
A cheque-in facility refers to a machine that can print the amount of a cheque in machine-readable form. These types of machines are primarily used by banks to streamline the cheque processing operations although there is an increasing push for companies to also adopt these machines to reduce banking fees.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.