Cloud-based accounting eliminates the problems associated with the purchase and configuration and payment for system administrator services.
Check 21 Act is the common name for the Check Clearing Act for the 21st Century. Its new legislation recently passed by congress and made law when signed by the United States (remember “I’m just a bill” from Saturday morning cartoons). Check 21 Act streamlines the traditional check processing system by incorporating new electronic technology. This new system replaces an outdated check clearing system that banks and other financial institutions have used for many years. The advantage is the ability to cut the time it takes for a check to clear from days to hours. Check 21 Act is a United States Federal law, and in October 2003, it got enacted. This particular act passed by the US Congress and came into effect one year later. Check 21 Act was a revolution at that time as it allowed the user to create a digital version of the check-other wise known as check truncation with a bouquet of advantages.