One of the key aspects of running a successful business enterprise is to always find ways to do things that are more efficient. That means cutting down on expenses that do not add value to the business. Buying pre-printed checks is one of those spendings that doesn’t seem to make sense for a lot of business owners.
To give themselves financial flexibility as well as save some money, businesses are choosing to order blank checks online and then printing them themselves. Businesses often buy checks that are compatible with the accounting software packages they use to maintain their balance sheet. For example, the trend of buying Quickbooks and Quicken checks online has steadily increased over the years. After they source the blank checks, businesses use these very software packages to print checks in bulk.
This just forces one simple question. Why are they doing it? Isn’t it easier just to get pre-printed checks than to spend time and effort printing on blank check paper? In this post, we reveal the 5 practical reasons why businesses are printing their own checks.
Blank Check Paper is Cheaper: Blank check paper is a lot cheaper than pre-printed checks. Even if you buy the most expensive black check stock and the cheapest pre-printed checks, the price difference is staggering. For reference, a 300-page printed business checkbook costs around $75 to $80 whereas 500 blank laser check paper costs less than $30. For businesses that issue hundreds of checks every month, simply switching to black check paper can earn them huge savings.
Easier to Make Payments from Multiple Checking Accounts: Apart from the potential to severely cut down on expenses, printing their own checks also gives businesses a great degree of freedom. Large businesses often have multiple checking accounts. When printing their own checks businesses can make payments from any these multiple accounts. Pre-printed checks, on the other hand, are linked to specific banking accounts. This means businesses cannot use certain checks for certain types of payments.
Keeping Banking Details Secure: Ordering printed business checks entails giving out company and banking details to check printing firms. Lost or stolen checks can leak these sensitive data to miscreants. With blank checks, all the banking data is kept secure. Check printing softwares keep the data secure and print them on the checks only when there is a need to make a payment.
It Requires Minimal Setup: Printing checks in-house requires minimal setup. In fact, you probably have the necessary equipment already. You need a laser printer, MICR toner (available at all toner stores), a computer, and a check printing software.
Printing Checks is Not Effort Intensive: One of the things that keep business owners from printing their own checks is the myth that it takes a lot of extra time and effort. Printing checks are made easy by many check printing software and accounting packages available in the market. These intelligent applications allow users to store banking information as well as payee details. If you are paying from a pre-registered bank account to a known vendor, it takes way less than 30 seconds to print a check.