Sage Intacct MICR Check Printing: Configuration, Compliance, and Best Practices

Sage Intacct MICR Check Printing: Configuration, Compliance, and Best Practices

20

Jan

Sage Intacct MICR Check Printing: Configuration, Compliance, and Best Practices

Sage Intacct MICR check printing enables businesses to print checks directly from the cloud-based accounting system using Magnetic Ink Character Recognition (MICR) technology. This ensures compliance with banking standards for automated check processing.
MICR check printing involves using specialized fonts and magnetic ink to encode essential banking information—such as routing numbers, account numbers, and check numbers—at the bottom of a check. This encoding allows banks to process checks efficiently and securely.
Important Considerations
It’s advisable to consult with your bank to confirm the specific MICR requirements and ensure compatibility with your printing setup.
Bank Compliance: Always verify with your bank regarding their MICR encoding standards to avoid processing issues.
Security: Utilize high-security check stock and MICR toner to protect against fraud.
Testing: Before full-scale implementation, print test checks and submit them to your bank for approval.