What does "endorse" mean in the context of QuickBooks checks?

In the context of QuickBooks checks, "endorse" refers specifically to marking a check to authorize it for payment. This process typically involves writing a signature or stamp on the back of a check, which enables the bank to verify that the person or business written on the check has approved it for cashing or depositing.

When a check is endorsed, it signifies that the payee agrees to the transaction and allows the bank to process the payment. This is particularly important in ensuring that checks are secure and that only authorized individuals can access the funds. Understanding this term is essential for anyone working with checks in QuickBooks, as it ensures proper management and handling of financial transactions.

The other options provided convey different actions related to checks. Issuing a check for immediate payment pertains more to the distribution of funds rather than authorization, while recording a check focuses on entering the transaction into the accounting system. Cancelling a check transaction implies reversing the transaction itself instead of simply authorizing it for payment. Each of these options addresses different aspects of check management, but only the concept of endorsement specifically relates to authorizing a check for payment.