It’s one thing to avoid using personal checks in your daily life. That’s what you have a debit card for. In the business world, however, business checks are still very much important. It is the way that you need to pay for much of your products and you bills. Checks don’t have to be expensive and you don’t need fancy ones, either. You do need them, though, so go ahead and bite the bullet so that you can write a check when you need to.
There are plenty of reasons to write business checks. When you’ve got a delivery because of a rush order, the delivery person may be expecting to be paid right then and there. He likely doesn’t have a credit card system on him and he doesn’t have time for you to go onto the computer, fill in all the little blanks and hit print. He wants one now. When you have a checkbook for your business, you’re able to give him what he wants.
You’re able to take care of a lot of accounting on the fly when you have business checks, too. When you’re on your lunch break or you’ve got a few free minutes, you can grab a pile of bills and just start writing the checks out so that all of your vendors can get paid. This ensures that you pay them and you don’t have to sit on the computer to pay everyone.
You also need to think about business checks from a legal standpoint if you have personnel. In many states, there is a law that says if you terminate someone, you must pay them all of what you owe them on the same day. When you want to fire someone, you don’t want to wait for your bank to issue a check. You can just write them your own business check so that you can get rid of the bad apple.
Business checks can come in very small amounts so that you don’t have to buy hundreds and hundreds at a time. Think about how many checks you actually write a month and then add another couple to that number. This way you always have enough no matter what may come up.
If you’re a very busy person, you may even want to get the duplicate copy on your business checks. This way you have a record of who you wrote checks to and for what amount without recording it in your register. This way you can always keep your bank account balanced, even if you’re running around.
There are many reasons that business checks still exist – because people use them. You don’t need a lot but if you always have a few on you, it can help your business out tremendously.