Examlex
Describe the four global IT business drivers that should be included in all IT strategies.
Checks Cleared
The process where bank checks are verified and funds are transferred from the check writer's account to the recipient's account.
Checks Written
Financial documents that instruct a bank to pay the specified amount from the drawer's account to the person or entity named on the check.
Deposits In Transit
Funds that have been sent to a bank but not yet recorded by the bank in the company’s account balance.
Outstanding Checks
Checks that have been written and recorded in a company's accounting system but have not yet been cashed or cleared by the bank.
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