When you own a small business, one of the most important aspects of running that business is keeping good financial records. You have to have a clear and concise record of where your money is going to ensure that your business doesn’t fail. One aspect of keeping good records is by writing checks. When you pay your vendors and other expenses with business checks, you create written records of where you spend money.

You can easily see which expenses were paid and how much was paid. You don’t have to worry about whether you forgot to write a receipt, because you have the duplicate check as a record. Here at CheckWorks, we offer a wide selection of business checks that are ideal for record keeping. With duplicate checks, you can write checks for anything and know that you have an instant record being created at the time you are writing the check — this is truly a convenience that you cannot afford to be without.

Balancing your checkbook for your business every month is another important part of keeping good financial records. When you get your bank statement, you have to make sure your records match those of the bank. You have to account for any discrepancies. Careful record keeping will make things much easier for your accountant at tax time, too — no one wants to file their taxes without specific records documenting all purchases and expenses.

If you are already a small business owner, or you are planning on starting a new business, make sure one of your first steps is opening a business checking account. While it may be tempting to use your personal account for your business – as juggling more than one account can be confusing — make sure your business has a separate account. This way, all business-related activity is tied to one account, and you don’t have to sort through personal expenses and business expenses.

Visit us today at Checkworks.com and have a look at our selection of business checks.

Money management is not normally on the list of available courses when your teen is in high school. It falls on your shoulders, as the parent, to ensure that your child understands financial matters and is ready to face the world when the time comes. CheckWorks is here to help you teach your teen about managing their money. A checking account is one of the easiest tools to use to teach money management. Our wide assortment of checks, registers, and other budget-tracking tools are quite useful in learning about finances. Here are some more tips to help you teach your teen how to be a money-savvy adult!

• Show your teen how to use the register to record every purchase with a check, instead of swiping their debit card. Remind them of how easy it is to overdraw a checking account by always using a debit card. Writing checks provides clear records of where their money is going and how much is left.
• If your teen struggles to remember to use the register, or complains that it is too time-consuming, have him/her use duplicate checks. This will provide a copy of each check written. Your teen can then copy the information to the register after making a purchase.
• Teach your teen to live within his/her means. If they don’t have the cash to cover a purchase, then they shouldn’t buy it. Make sure you do the same and teach by example.
• Once your teen reaches legal age, they can expect lots of credit card offers. Encourage them to ignore the offers — too many credit cards can lead to trouble! Instead, help them find a single card with the best benefits. This will help them build their credit without going into too much debt.
• Help your teen balance his/her checking account at the end of each month. Remind them to ensure that the bank’s statement and their register matches. Tracking down any discrepancies is a must.

As the parent, you need to show your teen the best ways to manage their money in a responsible manner. Remember — you are not just raising a child; you are raising an adult. Contact us today and help your teen order personal checks, registers, and other money-management tools to ensure that he/she enters adulthood confident in their money matters.

April 15th has come and gone — and you made the tax deadline by the skin of your teeth! Tax season is one of the most stressful times of the year for millions of people across the country. Every year, you promise to keep better business records — and every year, you fail. CheckWorks is here to help you keep stellar financial records this year with our wide selection of business checks.

You may not realize it, but the right checkbook can be a huge asset when it comes to record-keeping. Every time you write a check, you are creating a paper trail. When you use our business checkbooks that feature duplicates of each check, not only will you have the paper check circulating in the financial system until it comes back to you; you will also have a copy of each check as proof of payment.

Another way our business checks can help you keep detailed financial records is through the register. The register is that part of the checkbook where you write down the date, payee, and amount of each check — the part that you balance at the end of each month. Our detailed registers ensure that you always have the pertinent information for each check written. Used in conjunction with duplicate checks, and you have solid, written evidence of each and every check you write.

Between the duplicate checks and the registers, it should be easy to keep track of your business expenses for the year. Every time you pay a bill, every time you send a payment to a vendor, and every time you create payroll checks for your employees, you will have written records of each transaction. Come tax time of next year, and all you will need to do is gather your checkbooks and registers, turn them over to your accountant, and breathe easy for once.

If you are tired of sweating the IRS every time April rolls around, and you would like to get your financial records organized once and for all, contact CheckWorks today to learn more about our selection of business checks and registers to help you keep meticulous financial records.