When printing Statement from QuickBooks accounting software, you will notice an “unknown” field show on your statement – Amount Enc.
What is Amount Enc.?
Frankly, I don’t really know what is “Amount Enc.” either. I couldn’t find any official explanation about “Amount Enc.” from either help file or web (update me if you found it).
From Intuit Community, I found an explanation made by CountryMusicMom, which I guess could be a correct one. She explained that if you were to use Statement as a Remittance Advice, it allowed customer to tear the section off and filled in the paid amount in the “Amount Enc.” field. Hence, “Amount Enc.” means “amount enclosed”.
However, if you were to use Statement as a Remittance Advice, it only allows your customer to enter paid amount but not the invoices paid.
Since I am not going to use Statement as a Remittance Advice, I will unchecked the “Print” checkbox of “Amount Enc.”.