Useful tips

A quick guide to avoiding the pitfalls

Always keep cheques in a secure place separate from the bank mandate.
Undertake cheque stock audits regularly, including making sure that none have been removed from the middle or towards the back of the book.
Use cheques in serial number order.
Always follow best practice when completing cheques.
Compare underlying paperwork for all cheques you issue.
Undertake regular reconciliation of your account(s) and immediately report any unusual transactions to your bank. Segregate responsibility for issuing and reconciling cheques.
Consider replacing cheque payments with faster, more secure electronic payment methods.