When you start your own business and select your first set of checks, you may not realize that another large decision awaits you: what kind of deposit slips to purchase. Like business checks, deposit slips come in a variety of styles; which you should choose depends on your business type and unique set of needs. Here are the most common types of deposit slips and when you should use them.
Slips that are compatible with popular accounting software packages are becoming increasingly common; with a few computer clicks, you can seamlessly keep track of all of your financial needs. QuickBooks deposit slips are becoming the most common type of slip issued with business checks due to their convenience.
These manual deposit slips are bound together to make the accounting process more expedient. Simply choose how many deposit entries you’d like per page, and order. These books usually come with a carbon copy, so you can keep deposit ledgers handy in case of a billing mishap.
Loose Leaf Slips
Finally, loose lease slips are an option for those who prefer to manage one transaction at a time. These are best suited for personal use. Companies may opt for them when they don’t make deposits very often (particularly when a business is very small). While loose leaf sets can be convenient for deposits on the go, filing them can be a hassle for larger businesses.
When looking to buy deposit slips online, always think about what is the best fit for your company. If you have specific requests, contact your vendor.