All Banks and Lending Institutions require a signed security cheque for the disbursed amount with the words "Not Exceeding INR ____" ( and the INR amount will equal the sanctioned amount - even if it is INR 100 lakhs).  

Does Zoho Books have any utility to capture the entry of such cheques which are to be recorded for tracking but as per GAAP they are not supposed to impact the Bank Account and the GL since they are a contingent liability.