As new ideas and hobbies are turning into business nowadays, the American economy is growing rapidly with small businesses. There were almost 5.4 million new applications filed in 2021 and 5.1 million in 2022 for starting new businesses.
When it comes to small businesses, having an LLC (limited liability company) is profitable and advantageous. If you are an LLC owner, you will have flexibility and tax advantages, as it is an exciting business venture. However, one of the main challenges you will face is when it comes to payroll.
- Paying employees on time is a serious challenge faced by companies. When you are a new LLC owner, you will be dedicating most of your time to improving the operational efficiency of your company. In this hassle, you may find it difficult to save time for payroll management and this may result in late payments.
- Late payments can lead to dissatisfaction among employees. This dissatisfaction can negatively affect your LLC’s workflow and may lead to financial losses.
- LLC owners can legally pay themselves, but should strictly follow IRS regulations. You might face challenges in paying yourself as most services do not offer such an option.
- Another issue is related to funding. Insufficient funds in your LLC’s business checking account to process payroll can lead to late payroll distribution.
So how to overcome these challenges faced by your LLC?
With Checkeeper alternative, OnlineCheckWriter.com – Powered by Zil Money, you may easily fund your payroll from a credit card. All you need to do is integrate your payroll software with the platform and you are ready to go! This can help you pay your employees on time when cash flow is short. You can also effortlessly print paychecks with the cloud-based platform.
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Fund Payroll with a Credit Card
OnlineCheckWriter.com- Powered by Zil Money’s payroll by credit card feature helps you fund your payroll. This feature is a boon for you when you are short on cash flow. For that, you should provide a payroll summary from your payroll provider. As the platform is integrated with top payroll software, you can run payroll as usual. Here, the platform assists you in transferring payments from your credit card to your business checking account that is connected with the payroll provider.
Why should you consider funding payroll with a credit card?
As an LLC, you will be able to save money as well as earn rewards by using credit cards for payments.
On-Time Payments: No need to worry when you are short on cash, as you can fund your business checking account by using a credit card for payroll. This can guarantee a timely employee payment with this option.
Rewards: Your employees will get paid and you will be able to get rewards for each transaction. Depending on your credit card these rewards can vary.
Better Cash Flow Management: You can manage your business’s cash flow as credit cards usually provide a 30 to 40-day payment window.
Print Payroll Checks Instantly
You can print your paychecks easily with OnlineCheckWriter.com – Powered by Zil Money. The platform easily integrates with your payroll software so that you can import and print your checks easily. With the platform, you can:
Customize: With the drag-and-drop feature of the platform, you can easily customize your checks. Add your business logos, and change font styles, and background images of your checks with this feature. After customization, you can save the check template for future use. This customization can enhance your brand identity and also help in boosting professionalism.
Print on Blank Stock Paper: No need to order checks from third parties as you can affordably print your paychecks using the platform. Print your checks from any place conveniently using a blank stock paper and printer. Printing checks on blank stock paper can save you 80% on check printing costs.
How to Send Your PayChecks?
With OnlineCheckWriter.com – Powered by Zil Money, you can either mail or use the eChecks option to send your paychecks to employees.
Check By Mail: If you want to make printing and mailing hassle-free, you can use the platform. You can just import the paychecks from your payroll software and mail checks to your company in a few clicks. The platform’s dedicated mailing department manages the printing and mailing of checks efficiently via USPS or FedEx services. You can also track your check’s status on the platform.
eChecks: You can also send checks digitally using the eCheck feature of the platform. Electronic checks or eChecks function just like a regular check. You can send an eCheck to your employee via email or SMS as a one-time printable PDF with the platform.
Conclusion
A small business LLC owner who is struggling with timely payroll management, consider the Checkeeper alternative, OnlineCheckWriter.com – Powered by Zil Money. With the platform, you can:
- Use the payroll by credit card feature to fund your business checking account on your payroll provider.
- Easily integrate payroll software to import and print payroll checks.
- Customize as well as print checks from anywhere at your convenience.
- Send payroll checks via mail or using the eCheck feature.
