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CHECKS
If you need to pay suppliers, vendors, or employees, a business check makes a convenient – and very sensible – form of payment. While using a paper document for a payment may seem outdated, by no means are paper checks going out of style. In fact, according to AFP’s Not Going Anywhere: Why Checks Still Matter,51% of organizations make business-to-business payments by check.
In this article, we’ll examine business checks in detail, see how they differ from personal checks, and help you get to know this important form of payment.
Business checks typically come in a bigger size than personal checks. This makes the checks easier to print and read. It also allows them to fit neatly into a double-windowed envelope. If you need to mail them off, the address on the checks won’t get lost from view.
The larger size also gives business checks some breathing room to feature a company logo. With QuickBooks Printable Checks, you can add your logo and customize your checks the way you want them. If you don’t have a logo, no problem. You can choose from a library of graphics to add just the right touch of personalization. Learn more about customizing your checks
Unlike personal checks that let you choose your favorite sports team or cityscape for a design, business check designs tend to be cleaner and more straightforward. They may let you choose between colors when you order, but the final product usually features a single color on the front. The goal is to look elegant and professional, not flashy or funny. Remember, your business checks make a statement about you and your business.
Business checks usually offer more options and more flexibility, such as a larger memo line, giving you more room to record the details of the transaction. They also include a larger payee line to accommodate your payee’s address, if needed.
If you’re paying employees or vendors, you may want to consider a check with an attached stub. Our QuickBooks Voucher Checks even offer two stubs for added convenience – one stub you can give your employee and one you can keep for your own records.
With business checks, you also have the option of featuring two signature lines. This means that two signatures are required for the check to be considered valid. A two-signature requirement puts control of your business payments in the hands of two people instead of one, thus lowering the risk of someone writing improper checks on your company’s dime.
If you’re a small business owner, you must make efforts to protect your documents from fraud or you open your company up to potential liability and lawsuits. Business checks often help in that regard by offering more security and fraud protection than personal checks.
Always make sure any business checks you buy are printed on a unique paper stock. If the paper can’t be bought anywhere else, criminals can’t easily duplicate your checks. Some other important anti-fraud security features to look for include chemically-reactive paper, watermarks, heat-sensitive icons, and fraud-sensitive ink. When it comes to keeping criminals out of your finances, the more security you have, the better.
QuickBooks Secure Premier Checks offer 29 anti-fraud features, including a security hologram (like passports have). They’re the most secure checks on the market.1
1. Based on feature comparison of high-security checks, conducted February 2018