How Does AR/Now Work?

The concept of A/R Now is simple...develop and offer an easy to operate alternative to the cumbersome check writing software programs currently available. Also, the use of this software makes it possible to avoid using expensive and time consuming check processing service bureaus, and the fees charged by credit card companies. Service bureaus are companies which provide processing services for a fee. Typically there is a setup charge and between 1-3% processing fee. These fees vary so really the only way to avoid paying these high fees is to use A/R Now and process your own checks. (Or use A/R Now and start your own service bureau!)

Federal banking laws and regulations make acceptance of telephone checks possible. You only need obtain your customer's verbal authorization. Verbal authorization is important, but we suggest you also back up your verbal authorization with a telephone log, or record of your transactions. On the Check Writing Screen we provide a memo area which you can record your customers authorization directly on the check. We suggest you include the following information:

 1. What was purchased or invoice number: 1 - A/R Now software package

2. Who authorized the purchase : As per John Smith.
 3. Type of Payment : Telephone check payment or fax check payment.
 4. Date and Time Stamp: 3/1/2000 @ 1:45pm PST

Including this information provides an excellent method of record.

If you accept credit cards, to encourage your customers to use their checking account, you may consider offering a small cash discount of 1% to 2%. This is certainly less than you'll be charged from the credit card provider. You can actually realize more profit from each sale.

You should print out the help file and place it in the A/R Now three ring binder. Take time to review the materials to insure you are gathering the appropriate information from your customers. Remember, the check you produce from the software is only as valid as the information you enter on the screen.

Below are the federal regulations that make all this possible:

Uniform Commercial Code (UCC), Title 1, Section 1-201[39] and Title 3, Sections 3-104, 3-401, and 3-403; Code of Federal Regulations, Title 12 chapter II, Part 210 and Regulation J, Federal Reserve Bank, Part 2 Sections 4a-201 to 4a-212. Only verbal agreement is required for authorization. Also see Romani v Harris, 255 Md. 389. 

All Orders Proudly Processed by:

• Deposit Tickets through Report Writer.

• Deposit Stamp the back of Checks for depositing.

• Network compatible Master and Client software.

• Print Preview in Design-A-Check for on screen viewing of complete check, voucher and stub.

• Archive Database you can now store old records in a separate section of database but still have access to them.

• Import / Export database information through delimited files.

• New & Improved MICR Font (more reliable for printing).

• Payor Manager for quick search and access of Payor's in the database.

• Quick Helpers on screen help.

• And much, much more.