It was a mere coincidence, when I met one of my old friends last week. He was really nervous regarding the lost check book he had. Somehow he managed to retrieve it from his car. This made me think about the importance of writing checks .From time immemorial people started check writing for banking transactions and all types of cash transactions. Globally it has got a prime position in professional and personal life of many.
Traditional ways of writing checks
Traditional method of manual check writing has now given way to printing checks using check writing and printing software. This is because of many positive reasons. However check writing and transactions is still common among people. Advantage of online check printing service is that we do not want to stock a large number of checks as there is a chance of misplacing. It’s like a coffee vending machine…use it whenever you need it. All you need is to have a good printing machine and quality papers.
Writing checks and financial institutions
As far as payment space is concerned, check writing is been advantageous for users and for financial institutions. Banks and other non banking institutions are really into check transactions even in this modern era. That much influence checks has made in our life. Lots of professionals in the United States writes check instead of online transactions .This is because of various reasons.
Writing checks in this technological era.
Technology has progressed and made revolutionary changes in the world. The positive shadows of this progression are also reflected in the financial sector. All the banks and non banking financial institutions are training their employees to incorporate these changes. Debit cards and debit cards are ruling the world now. Amazingly checks also stands tall in between.
While analyzing the numbers, more than 500 million open credit cards are in usage in the United States currently. Even though this is a rough figure the index is regarding the frequency of transactions done by an average American. Another interesting fact revealed by American Banking Association is that the same quota of checks is also transacted in the market at par. This shows the relevance of checks -personal checks, business checks and all other sort of checks.
As time changed people now depend more on check printing software for writing checks. This is because of over weighing advantages of check writing software than manual ones.
Advantages of check writing using software:
Online Check Writing software are usually cloud based business software that will help businesses to manage their accounts payable. The main feature of this software is that it allows a business or individuals for writing checks online and prints its own checks on any printer at Home or Office. It also supports to write online and printing checks on Blank Check Stock Paper. You can print your personal or business check on any blank check stock paper and create your checks in a minute.
Manual method of writing checks cannot create bulk check instantly. However creation of multiple checks/batch checks is possible in one click using check writing software. The user can create bulk checks with the same or different account number which will save your time. Besides, every check can produce its own statement. This facility is really important as it will enhance the accountability factor very much. This is not at all possible while writing checks manually.
Another major advantage of check writing software over manual method of writing checks is security. Check means cash. There is a possibility that your employees may utilize your checks in your absence. This is very much possible if you are into manually writing checks. However, a good online check writing software will help you to restrict pre -determine payees, bank accounts, dollar amounts, number of checks. With several defined permissions, for instance, blank checks, checks with/without a signature, checks without payee, etc thus can prevent frauds and cash mismanagement.
Analyzing the above reasons, writing checks manually has given way to writing inline and printing checks using software. It is stated by the experts that almost 76% of business houses and professionals are using online check writing software for their check printing requirements in United States. Nowadays online check writing software has become an unavoidable part of any business firms as the benefits provided by this software are many and is becoming more and more popular in the US.