If you’ve recently opened a business, you have several decisions to make regarding your banking practices. One of those choices is the paper checks you will use for your company. While we live in a predominantly paperless society now, there are some instances where writing a paper check still makes good business sense. For example, when you need a record of paying a bill, a paper check provides that for you. The trick is knowing how to choose paper checks for your business. Here are five key tips for choosing paper checks for your company to use.
1. Ensure You Are Getting a Good Price on Checks
Banks typically order checks from a third-party supplier, meaning you can often get a better price by ordering checks online. You might consider ordering from a service that allows you to print your checks.
2. Make Sure You Purchase from a Reputable Company
It should be no surprise that shopping for checks online is like shopping for anything else. It pays to know whether or not you are dealing with a known company. Typically, the first ones that appear in an internet search are reputable companies. It is important to verify the company’s address, business information, and the security of its website, even if the business is one of the top search results.
3. Know What Style Checks You Want
Checks are sold in four basic styles for business use. Those styles are printed, hand-written, one per page, and three per page, and before buying any checks, you should think about howyour business will use the checks and which format will be best for your needs.
Of course, each style also varies by size. Some are small enough to fit inside your wallet, and others are larger. It’s up to you to determine the style and size that will be most efficient for your purposes.
4. Choose a Company That Offers Versatility
You should consider the look of your checks before choosing the company from which to order. Your business is unique. You want vendors to remember you have remitted payment to them. To that end, you may want to choose a customized design for your company. Choose a company that can at least offer your logo on your chosen checks.
5. Choose a Company That Only Requires Basic Information From You
Banks require specific information when ordering checks for you. You should look for a company that asks for information like routing numbers, checking account numbers, the first check number you need, and who can sign the checks when you order them. Additionally, you must provide the company name and address when ordering checks. Information like social security numbers and driver’s licenses are not required to order checks. Beware of online companies that ask you to provide more detailed personal information, as those could be scams.
A checking account is a necessary part of business accounting practices. Even in today’s mostly paperless society, a paper check has its place. Savvy business owners follow practical tips for choosing paper checks for their company.