Deadline Extended for New Canadian Cheque Specifications

As of May 12, 2006, the deadline for adopting the new Canadian cheque specifications has been extended to June 30, 2007. The extension allows businesses more time to make the necessary changes to their cheques and modify or update their software involved in cheque production.

This timeline will continue to ensure that cheques are “image-friendly” in preparation for the transition to image-based clearing.

Sage Accpac ERP version 5.4 will be in compliance with these new regulations.