While small businesses and solopreneurships can get their needed initial capital from a variety of sources, including investments, loans, and credit lines, most people starting a small business use their own personal funds to get their venture running. Even when personal money is relied upon to start a business, it can still be helpful to separate personal funds from business funds early on with separate bank accounts so that revenue and expenses can be better managed.
Three things that business owners gain by switching from personal checks to custom, business checks through online check printing:
While some starting business owners, solopreneurs, and people running a side gig may use personal checks at first to fund some of their overhead or inventory, reliance on personal checks for business purposes is not recommended. Personal checks, typically handwritten and generic, do not convey the level of professionalism that clients should ideally associate with a business. Opening a separate checking account specifically designated to the business simplifies account management, and it allows business expenses to be kept separate from personal ones. Custom business checks can be printed on demand through online check printing software, which allows uploading of custom logos and other design images to make checks unique and professional. Checkeeper offers custom business check printing for businesses of all sizes and types, and optional mailing services are available, as well, to give payments that optimal level of professionalism that customers and affiliates associate with financial success, seriousness, and quality.
Blending personal and business funds together will make it difficult later to separate out business expenses for reimbursement, tax purposes, budgeting, and planning. Sorting through pages of bank statements, credit card statements, check registries, and other financial documents in order to pull out each and every business expense is not an efficient use of your time, and it is a process highly prone to oversight. Checkeeper offers online check templates for designing and printing custom business checks for businesses with automatic recording in a smart check registry that keeps all expenses clearly delineated.
Customization is becoming increasingly important in small business tools, as AI and cloud-based tools can give business owners and bookkeepers access to highly specific features and setups that are customized and uniquely pertinent to the ways in which they prefer to work. Online check printing through Checkeeper allows your payments—and the process for recording them—to be more unique and customized to suit your business’s particular needs and marketing preferences.
· Add attachments
Checkeeper prints checks on any check layout users choose: check-on-bottom, top, or middle placement, and it can print attachments and documentation to accommodate the format. Checkeeper also prints paychecks with attached pay stubs for companies with employees or remote workers paid by paper check.
· Add custom check fields
Checkeepers can design their checks to accommodate their bookkeeping and recording processes, as well as their style preferences. Add a custom check element to supplement or replace the memo, such as customer ID or invoice number, to assist with your own in-house records. Custom check elements also give users an additional search criterion to use when they need to track down a payment. Search all your records in your check registry using your custom check field in order to pull up an organized list that is custom-suited to help with recording and reporting.
Having a separate Checkeeper subscription for your business—and for each business you run or manage payments for—allows you to have separate reporting features so that there is no overlap with personal reports or reports for other businesses. Add as many separate accounts to a single Checkeeper login and account page, and go back and forth among them. When it is time to print out or download a comprehensive report of the business check spending for the quarter or year, the report will be separate from personal spending, allowing greater convenience as well as accuracy to the reviewing, reconciling, and tax preparation processes.