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Will You Add? - Accepting Checks in Your Business Virtually Risk Free
Networking is a problem for most working professionals. Some of us just don’t have much time to network (I belong to this category). Yet for others, networking is as pleasant an exercise as having a root canal at the dentist.That’s why LinkedIn is such a great idea and I suspect it may work for at least some of us. It is a website where your register specifically for networking possibilities.After your register at www.linkedin.com you are automatically matched by 10 possible networking buddies. But this is not the most exciting part of this service since the initial contacts are pulled from your own Outlook address boo
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest
So you want to be a super salesmen do you? Well indeed this may not be as hard as you think really. In my life people have called me a super salesperson and I always hated that and actually I never understood it really. For 27 I ran my companies and eventually ended up franchising our business model around the nation and to other nations as well.Selling franchises is said to be a difficult endeavor, yet I never seemed to have any difficulty doing it. I simply made certain that the person was really interested in owning a business of their own, committed and understood that it would be very hard work. Then I made sure that it
Outlined below are tips for formulating your virtually risk free policies and procedures for accepting checks. For the purposes of this article, “virtually risk free” is defined as achieving a cost to accept checks of 1% or less. Not all items will apply to all businesses but if you determine that accepting checks in your business is “high-risk”, a more stringent program using more of these tips is needed. In any case, your policy needs to be in writing, distributed to all employees, and followed without exception.
1. Clearly defines acceptable forms of ID, required information and dollar limits. Post these requirements where customers can see them at the point of sale.
2. The check-writer's name and address should be pre-printed on the check. Ask for and write the phone number if it is not pre-printed on the check.
3. Make sure the written and numeral amounts correspond.
4. Watch the check-writer sign the check. If the name is illegible, have the customer print the name below.
5. Compare the signatures, photo and physical description from the ID with that of the check writer.
6. Verify that the ID is still valid! Check the driver's license for signs of alteration or modification.
7. Most returned checks have low check numbers (100 to 500), which indicates a new account and therefore a more risky check, particularly for business or "dba" (doing business as) checks. Do not accept starter checks. Any number under 300 should be a “red flag” and require a manager’s approval for acceptance
8. Never take business checks from individuals unless you know the business and the individual. Business checks are not presently eligible for electronic re-presentment. With available software, virtually anyone can produce a business check.
9. Do not accept checks with PO boxes…always get a street address for the check-writer.
10. Do not accept third party checks.
11. The four-digits following the magnetic ink character recognition (MICR) number at the bottom of the check should match the four-digit number at the top right hand of the check.
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest c
Nearly all managers inadvertently treat their employees in a manner that leads to less than desirable performance. Several leaders experience difficulty delegating duties. There appears to be the automatic sentiment that the only way to get the job done right is to do it yourself. While accomplishing it yourself may appear to work, it tends to be a breeding ground for ennui, indifference, low motivation, and loss of commitment and zeal. Sharing the work can be a vast motivator, thereby fortifying the organization.The manner by which managers treat their subordinates is mildly influenced by what they anticipate of them. If a m
1. Clearly defines acceptable forms of ID, required information and dollar limits. Post these requirements where customers can see them at the point of sale.
2. The check-writer's name and address should be pre-printed on the check. Ask for and write the phone number if it is not pre-printed on the check.
3. Make sure the written and numeral amounts correspond.
4. Watch the check-writer sign the check. If the name is illegible, have the customer print the name below.
5. Compare the signatures, photo and physical description from the ID with that of the check writer.
6. Verify that the ID is still valid! Check the driver's license for signs of alteration or modification.
7. Most returned checks have low check numbers (100 to 500), which indicates a new account and therefore a more risky check, particularly for business or "dba" (doing business as) checks. Do not accept starter checks. Any number under 300 should be a “red flag” and require a manager’s approval for acceptance
8. Never take business checks from individuals unless you know the business and the individual. Business checks are not presently eligible for electronic re-presentment. With available software, virtually anyone can produce a business check.
9. Do not accept checks with PO boxes…always get a street address for the check-writer.
10. Do not accept third party checks.
11. The four-digits following the magnetic ink character recognition (MICR) number at the bottom of the check should match the four-digit number at the top right hand of the check.
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest
When you prepare to deliver your next PowerPoint presentation, your audience should be first on your list of considerations. Unfortunately, too many presenters annoy their audiences. An online survey of 688 people who regularly see PowerPoint presentations revealed the following top annoyances (item and what percentage of the respondents cited that item as one of their top three annoyances):The speaker read the slides to us 62.0% Text so small I couldn't read it 46.9% Slides hard to see because of color choice 42.6% Full sentences instead of bullet points
2. The check-writer's name and address should be pre-printed on the check. Ask for and write the phone number if it is not pre-printed on the check.
3. Make sure the written and numeral amounts correspond.
4. Watch the check-writer sign the check. If the name is illegible, have the customer print the name below.
5. Compare the signatures, photo and physical description from the ID with that of the check writer.
6. Verify that the ID is still valid! Check the driver's license for signs of alteration or modification.
7. Most returned checks have low check numbers (100 to 500), which indicates a new account and therefore a more risky check, particularly for business or "dba" (doing business as) checks. Do not accept starter checks. Any number under 300 should be a “red flag” and require a manager’s approval for acceptance
8. Never take business checks from individuals unless you know the business and the individual. Business checks are not presently eligible for electronic re-presentment. With available software, virtually anyone can produce a business check.
9. Do not accept checks with PO boxes…always get a street address for the check-writer.
10. Do not accept third party checks.
11. The four-digits following the magnetic ink character recognition (MICR) number at the bottom of the check should match the four-digit number at the top right hand of the check.
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest
Imagine going to your local grocery store and having to ask the clerk behind the counter to get your groceries for you! If it hadn’t been for a man named Clarence Saunders, a grocery wholesaler from Memphis, Tennessee who took a patent out in 1917 for what he called “Self-Serving Stores” we all might have been at the mercy of store clerks who kept the goods behind a counter. He thought it would save time and money to have the patrons gather their own goods and bring them up to the front of the store where clerks would ring up the purchases.We generally take for granted the process of going to a grocery story or department s
8. Never take business checks from individuals unless you know the business and the individual. Business checks are not presently eligible for electronic re-presentment. With available software, virtually anyone can produce a business check.
9. Do not accept checks with PO boxes…always get a street address for the check-writer.
10. Do not accept third party checks.
11. The four-digits following the magnetic ink character recognition (MICR) number at the bottom of the check should match the four-digit number at the top right hand of the check.
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest
One of the most difficult tasks a manager’s has to perform is that of staff appraisal. Many management training programs and manager training courses conduct separate classes on this. Staff appraisal is like skating on thin ice. The result of a staff appraisal rarely satisfies the staff and the management. So, how to run a staff appraisal? At the outset it is important to remember that agreeing to the objectives of staff appraisal as well as making effective use of staff appraisal can improve the performance of your business. It can of course, also help in assessing the performance of your employees. Employees usually prefer a struc
12. All checks, except government checks, should have a perforation along one side of the check.
13. Use a check verifications system. This form of protection should significantly reduce the volume of “less collectable” checks (those passed by check-writer’s with a history of passing bad checks).
14. Have a camera at the point of sale. Forgery, fraud and bad check-writers do not want their picture taken. A video camera conspicuously placed will deter most dishonest people.
15. Utilize a free check collection service for the fastest collection of those checks that do bounce to maximize.
Using a check collection service is critical to minimizing your costs. On average, 2 out of every 100 checks are going to bounce, when that happens, time is of the essence to recovering your money. Check collection services have the tools and expertise to collect on bad checks quickly, over 80% of the time for top providers, and their services are usually free to businesses as they make their income from collections fees allowed by each state.
When choosing a service, choose a free service and avoid the companies who offer “guaranteed” collections for a fee. The fee charged for the guarantee ends up being substantially more expensive than implementing a good check acceptance policy in conjunction with a reputable, free collection service. Also, choose a company with a good reputation for customer service. It is beneficial to know that your service provider will work with you when a special circumstances need to be considered for a particular collection. Finally, expect to maintain full control of your checks. Only hire a service that guarantees to return your checks to you at any time in the collections process.
CybrCollect is a free check collections service that meets these requirements and more. I recommend CybrCollect because:
1. Free service to businesses
2. Excellent Customer Service
3. Clients maintain full control of their checks
4. Best collections rate in the industry, over 80% of NSF checks collected within 30 days
5. Industry leading client website for 24/7 access to collections information
6. Exclusive “Executive Analysis Report” for determining true cost of accepting checks.
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