Business Checks Are Professional

Once the sale is made and the bill is ready to be sent, nothing can be as beneficial to the small business as being able to accept business checks. Unfortunately, banks won’t allow an individual to deposit a check made out to a business into an individual account. That being said, in order to accept checks made out to a business, you must first set up a checking account in that business’ name.

According to the Small Business Administration, one of the Financial Six C’s that any company, regardless of size, should strive to achieve is confidence. This does not mean the business owner’s confidence in their business or business idea. It means the confidence that outsiders have in that business, especially as to that business’ ability to repay debt. Being able to use business checks can go a long way toward building a good reputation for your business, as well as cultivating confidence in your customers.

In addition to the various state, local, and federal regulations dealing with business accounting practices, businesses need to have their own separate checking accounts in order to prove financial stability. This is never truer than when a business applies for outside funding. One of the primary questions asked is whether or not the business has an account. That question is followed closely by an inquiry about banking references. Without proper business checks and a business checking account, it will be virtually impossible to establish credit in the business entity’s name.