Skip to main content

How to Write a Business Check [Quick & Simple Guide]

How to Write a Business Check Photo

Congratulations on starting your own business! Part of running a business is sometimes giving people money; one way to do that is by writing a check.

A check is like a unique piece of paper that tells the bank to take money from your business’s account and give it to someone else.

I remember writing my first business check like it was yesterday. I felt like a true businessman. What a simple but exciting thing.

How Do You Write a Business Check?

1. Fill in the Date

First, you must fill in the date on the top right corner of the check. This is important because it tells the bank when you wrote the check and ensures that it can’t be used later.

2. Add the Payee

Next, you must write the name of the person or business you want to give the money to. This person or company is called the payee. You write their name on the line “Pay to the Order of.” Be sure to spell their name correctly so the bank knows who to give the money to.

3. Write the Amount (in numbers)

Then, you need to write the amount of money you want to give in numbers on the line below the payee’s name. You should also include the cent amount, such as 99 cents. It’s vital to ensure the amount is straightforward to read.

4. Write the Amount (in words)

Also, you write the amount of money in words on the line that starts with “Dollar” or “$.” This is important because it provides a written record of the amount and helps the bank if the numbers need to be revised. Be sure to include the word “dollars” after the amount.

5. Sign the Check

Finally, you need to sign the check. This is like your signature on a letter telling the bank that it’s okay to give the money to the person you wrote the check to. You sign on the line at the bottom right corner of the check. Ensure you use the same signature you used when opening your business account to avoid fraud.

By following these steps, you’ll be able to write a check correctly and make payments confidently. Keep it up; running your own business is a great accomplishment!

Common Questions About Business Checks

What should be on a business check?

A business check needs the following: name and contact information for the business, date, payee, amount (in numbers and words), and a signature. Optionally, the check could contain a memo.

How does an LLC write a check?

The same way any business would. Use the steps above.

Can a business check be handwritten?

Yes, it can.

Who signs a business check?

The person that is designated as a signor on the bank account.

Next upHow to Balance a Checkbook: Simple Step-By-Step Guide

The post How to Write a Business Check [Quick & Simple Guide] appeared first on Part-Time Money®.



from Part-Time Money® https://ift.tt/bA4coC0

Comments

Popular posts from this blog

Everyday Items That You Can Recycle for Money

Why toss things in the trash when you can recycle them — and make a little money in return? By diverting certain items from the waste stream and keeping them out of landfills, you can also make extra money or help out worthy causes. From scrap metal to ink cartridges, bottle caps to construction materials, you can recycle a huge variety of items in exchange for cash. We’ve also included information on how to recycle items for the sake of good will. Ready to see all the different things you can recycle for money? How to Recycle Household Items for Cash First, you’ll need to find a recycling center or collection point that is looking for what you want to get rid of. While the goal is to make money, you might settle for a donation — which could be tax deductible — if it means clearing out the garage. The collection center will also let you know how to prepare items to their specifications. Find a Collection Point To find a recycling center near you, head to Earth911.com and plug in...

Fizz Debit Card Review: A Credit Builder for College Students

If you’ve struggled with poor credit or are completely new to credit, you know how hard it can be to build a strong credit score. The lenders who offer the best credit products and the lowest interest rates seem only to want to deal with clients with excellent credit. But how do you build credit without debt ? To help, an increasing number of fintech companies are developing credit-builder loans and other products to help people establish or rebuild their credit. Some are more successful at it than others. In this Fizz review, I’ll explain how one company aims to help college students build credit and create healthy financial habits. But how does Fizz work, and is it safe to use? I’ll answer those questions and more in this Fizz review. Table of Contents What Is Fizz? How Does Fizz Work? How Does Fizz Make Money? Key Features of Fizz Build Credit Control Spending Earn Rewards Learn About Money Pros and Cons of Fizz Fizz Alternatives Extra Debit Card Sesame Cash ...

How to Ask Your Manager for Feedback (& easily impress them)

Your manager is either your greatest friend, or your biggest obstacle. No matter where your manager stands on this spectrum, getting feedback from them is going to be a valuable resource for your professional growth so this is something you should be doing consistently at work if you want to get more promotions and raises. […] Source from I Will Teach You To Be Rich https://ift.tt/XNUxhGu