Wrapping Up a Summer Business

by Dawn

Every year Checkeeper helps summer business owners and seasonal professionals manage and issue payments for a wide variety of operating expenses, including inventory, rental space, short-term leases for vehicles and equipment, utility bills, insurance premiums, and paychecks. As the summer business season winds down, consider some final financial management tasks that should be completed and with which Checkeeper can help:

Run reports

Summer entrepreneurs will want to run reports to compare revenue and expenses to last summer, as well as for the upcoming tax preparation season. Checkeeper makes running check-spending reports instant and accurate, and it can instantly generate a comprehensive spreadsheet for users to print, download, or share with an accountant. Reports run through Checkeeper will list all check fields so that users can sort expenses according to payee, date, check numbers, or other pertinent elements that help users analyze where their money has been spent. Reports will also list authorized users responsible for each check and the date and time of creation in order to enhance accountability and security. Reports help business owners adjust their budgets for future seasons, and they help with tax preparation and account reconciliation. Users who are still on a Checkeeper free trial should print out a complete report before closing their account so that they have a detailed overview of all check spending during the trial period that can then be matched up with other records.

Track expenses paid to each vendor

Now that summer is drawing to a close, summer entrepreneurs can take a comprehensive look at their spending each summer to assess the value of purchased services, to revise their budgets for next year, and to guide them in researching lower-cost alternatives for some products next summer. The Checkeeper registry can be searched according to any field, including vendor name, to help business owners generate a list of all payments made to specific suppliers in order to determine any changes that should be made in the future, including solicitation of new quotes for supplies, equipment, leases, insurance premiums, and other expenditures.

Pay employees final checks

Checkeeper runs payroll and issues paychecks and pay stubs for many kinds of businesses. Order all your final paychecks to be printed and mailed by Checkeeper to help with that final pay period. Checkeeper can print the entire batch of paychecks at once to send back to your store or office for onsite distribution, or, if your seasonal help has already started to migrate back to homes in other towns, Checkeeper can print and mail each individual paycheck directly to their address. Checkeeper works as a stand-alone service for printing and mailing paychecks, or it can work in conjunction with other payroll software services, like Gusto and Square. All payment data is stored for you automatically for later review, verification, and tax preparation.

Considering a seasonal business to supplement income?

Checkeeper assists many summer and seasonal businesses with custom, on-demand business check printing and mailing. Checkeeper is a helpful adoption because it:

  • Offers an unlimited number of checks for one set price
  • Records all payment data for users automatically
  • Provides remote access
  • Reduces paper waste with online storage
  • Keeps overhead low
  • Pays part-time, seasonal employees
  • Helps reinforce the brand with check customization
  • Generates reports at the end of the season that business owners use to help reconcile accounts, prepare taxes, revise budgets, and track spending

The right online tools can aid the financial management for summer businesses (and other seasonal businesses) by simplifying and streamlining many of the accounting and payroll tasks. Cloud-based software services that are economical, that don’t require in-house IT expertise, and that can be adopted on a short-term basis can save summer entrepreneurs time and money. Checkeeper offers a cloud-based and mobile-ready service that can assist financial management and offer custom business checks printed and mailed on demand.