The U.S. hotel industry is slowly getting back on track after the pandemic, with lower-tier hotels outperforming luxury brands. Lower-tier hotels offer cost-efficient and personalized experiences, and guests can feel at home. Even though lower-tier hotels are small, their payment needs can be large. This is because they have to purchase food, beverages, furniture, cleaning supplies, etc, to run a hotel smoothly. For making these large transactions with their vendors or suppliers, small hotels usually prefer checks. When it comes to security, efficiency, and accuracy in check payments, the MICR line on check plays an important role.
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What Is the MICR Line?
Magnetic ink character recognition line, also called MICR, is a technology for identifying and processing checks. It is a machine-readable text printed at the bottom left of a check. MICR line consists of three essential numbers – routing number, account number, and check number.
- Routing number – It is a nine-digit number for identifying the financial institution issuing the check. The routing number is also called the ABA number. It is the first thing to appear on the MICR line from left to right.
- Account number – A unique set of numbers helping in identifying the account owner for ensuring the transfers are done on the correct account. It is the second thing that appears on the MICR line.
- Check number – It is a four-digit number placed at the end of the MICR line matching the number written in the top-right corner.
Checks are usually prone to fraud; the unique magnetic ink characters of the MICR line can help you defend against fraud. MICR numbers can be easily printed on blank stock paper with OnlineCheckWriter.com – Powered by Zil Money, at your convenience. The checking printing software allows you to customize and print checks within a few minutes.
Make Your Payments via Check on Time
When you own a hotel, you may have to make payments to various entities as a part of your business operations. These include vendors that provide essential items to contractors to your employees. Even though electronic payments are available, these entities may still prefer checks because of their familiarity. Ordering checks from third parties can take a lot of time to reach you, resulting in late payments.
- For a hotel to run smoothly, essential items like food and beverages are a must. Your vendor might stop sending you these items because of late payments, which can certainly affect your hotel business.
- Another thing that can affect your business is late payments to your employees. Good service and hospitality are a must for the hotel business, and for this, employee payments should be made on time.
So, how to make check payments on time?
Print your checks instantly with OnlineCheckWriter.com – Powered by Zil Money, with a few clicks. You can create, print, and even mail your checks on the platform.
Create and Personalize Checks
The cloud-based platform allows you to create and customize business checks rather than waiting for the pre-printed ones. The drag-and-drop feature helps to easily customize checks by adding business logos, font styles, and background images with the MICR line. You can also add or delete any details from the check or move the fields as you wish. Once your check template is ready, save it for future use.
Easily Import Checks from Your Accounting Software
In the busy schedule of managing clients, small hotels usually might not get time to create checks. Do not worry! You may import checks from your accounting software. Wondering how? Just by integrating your accounting software with OnlineCheckWriter.com – Powered by Zil Money. The platform allows you to easily integrate your accounting software. This integration facilitates importing your checks and payee details. After importing checks, you can also make any necessary changes.
Print Your Checks Instantly
Once you have created or imported checks, you can instantly print checks. For printing checks, the only thing you need is a printer and blank stock papers. You may print checks on blank stock papers and save 80% of check printing costs. With OnlineCheckWriter.com – Powered by Zil Money, print your checks from anywhere at any time at your convenience. This way, you can avoid unwanted expenses that come with preprinted checks. Moreover, the platform helps you print the MICR number on the check, eliminating fraud.
Send Your Checks Via Mail or Email
The cloud-based platform allows you to send checks via mail or email to your recipients. With the online check mailing feature of the platform, send your checks with a few clicks. As a small hotel owner, you might not have much time to visit a post office and mail checks.
You can easily mail checks to your vendors, suppliers, or employees using the platform with a few clicks. All you need to do is create or import checks; the platform will handle printing and mailing checks to your recipients. You can also attach any essential documents with the checks you need to mail. With the advanced tracking facilities, you can monitor your checks reaching the intended recipient.
With the eCheck feature of the platform, you can easily send checks via email or SMS. eChecks are the digital version of regular checks. Instantly send echeck to your vendors or employees using the platform in a one-time printable PDF format. This enables the recipient to print and use the echeck like a regular one.
Conclusion
Small hotels can make payments securely by printing MICR line on check using OnlineCheckWriter.com – Powered by Zil Money. The platform allows you to create or import checks and print them instantly on demand. You may also send checks via mail or email using the platform.
