Positive Pay for BUCS fund accounting software is a great fraud deterrent. Each time checks are printed, BUCS generates a file for the bank listing the details of each check you have issued. If a check tries to clear your account and does not match the item on your positive pay file, the bank will notify you.
Positive Pay can also automate your reconciliation process. Most banks produce a paid item file of cleared checks that can be imported into BUCS to automatically mark those checks as cleared in bank reconciliation. This is a great time saver for the user. BUCS will also generate an “exceptions list” of any item in the paid item file which doesn’t match your bank reconciliation.