Why checks do not show 00/100 on amount line
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When I write a check for a flat dollar amount, the written dollar/cents amount says, "Five hundred only" instead of "Five Hundred and no/100. Why is that? Can I re-set the check writing format?
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Best Answer
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@katemac, what do you perceive as the difference between " ..only" and "and no/100".Because, as a former bank Audit VP AND a former manager of check processing systems for a "Big 5 bank", I can tell you that, legally and practically, there IS no difference.And, no, there's nothing that you can do in Quicken to change that.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP1
Answers
-
@katemac, what do you perceive as the difference between " ..only" and "and no/100".Because, as a former bank Audit VP AND a former manager of check processing systems for a "Big 5 bank", I can tell you that, legally and practically, there IS no difference.And, no, there's nothing that you can do in Quicken to change that.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP1 -
Thank you. I was not familiar with the '...only' terminology.0
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