Business Checks

A few months ago, the Bank of America in my community installed new ATM machines that allow for paperless transactions. This means that there is no need for envelopes or deposit slips when you want to put in funds. While this is certainly convenient, especially for my personal accounts, I would prefer to have a paper trail when it comes to my business・accounting.

In order to monitor all of the company’s transactions thoroughly, I still use deposit slips every time I put money into the account. However, I keep the deposit slip for myself, serving as a receipt of the transaction. This allows me to keep accurate books on my own and gives me some ammunition if I ever need to dispute a transaction on my account.