Consulting firms often have to deal with multitude of fund transfers every day. Online printable checks are important as they offer a clear record of transactions. For a consulting firm that handle a large amount of money, detailed record keeping is essential for sustaining operational effectiveness.
The 2022 AFP® Payments Cost Benchmarking Survey shows that most organizations still rely on checks. The results indicate that checks will remain a common payment method for a while. Eighty-six percent of organizations use checks for their outgoing payments.
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Various Issues Faced by Consulting Firms
Chances of errors: While resorting to traditional methods, you have to enter information manually. This increases the chances of making mistakes.
Expensive: The cost of purchasing pre-printed checks is high. For firms that write many checks, these costs can add up quickly.
Limited Customization: Standard check printing offers little room for personalization, which makes it difficult to effectively specify transaction details.
Consider a consulting firm that handle various payments monthly. They mostly rely on manually inputting transaction details, which is both slow and prone to errors. Recently, they faced a major problem: a subcontractor received the wrong payment amount because of an error in data entry. This error delayed the payment and affected the company’s reputation. Firms can avoid such situations by using the check printing software.
What Are the Requirements for Printing Your Own Checks?
- Check Printing Software
- Printer
- Check Stock Paper
Software for Printing Checks
The right check printing software simplifies the process of creating checks. When you use a check printing software all details including adding recipients name, amount etc is automatically handled.
Advantages of Using a Check Printing Software
Print checks on demand: Individuals can print checks instantly using the software. This ensures that users can get print checks as needed.
Cost printing: Instant check printing eliminates the need for ordering pre-printed checks, resulting in significant cost savings.
Pre-printed checks also cost $2.13 per check, while checks made with MICR printers and toner cost approximately $0.21 per check.
Strong Security Measures: Security is a top priority for all financial transactions. Check printing software includes advanced security options, such as detailed watermarks and encrypted information.
Greater Precision and Accuracy: Traditional process of manually adding the details increases the chances of errors. The check printing software automates the entire process, which helps improve accuracy.
Check Stock Paper
Check paper is compatible with most printers and check printing software. You can easily buy check papers from office supply store or online retailers.
Printer
After acquiring the appropriate check printing paper, you can effortlessly produce checks using any printer. You don’t need any special printer to print checks. Whether it’s an inkjet, LaserJet, or offset printer, you can utilize it for this purpose.
Some printers come with extra security measures such as watermarks, but a simple printer for home-office use can also do the job.
Efficient Payment Handling
Consulting firms often have to deal with large number of transactions related to client bills, services from suppliers, and payments to subcontractors. If these firms rely on outdated methods of printing checks there are high chances of errors and mishandling of funds.
With Zil Money, you can create, personalize, and print checks right from any location. This simplified method lessens the chances of mistakes, making sure payments are processed quickly and correctly.
The platform allows to print checks on blank check paper or plain white paper with a regular printer. Printing checks on blank check paper reduces the check printing cost by 80%.
How to Print Checks with Zil Money?
- Login to Zil Money and select Home.
- Click Bank Account from Pay from and Check from Pay As.
- Fill in the Amount and Memo, select Bank Account, select your Payee, enter the Invoice No., Check No., and Issue Date in appropriate columns, and select the Category.
- Then click Print and select Print-Check Paper or Print-White Paper.
Preserving a Credible Image
Upholding a professional appearance is very essential for consulting firms. Most traditional printing methods offer limited customization options.
You can easily design checks using Zil Money. The drag and drop design feature help you easily add font style, back ground images etc. Customized checks elevate the look and strengthen your brand’s presence with each transaction. Firms can easily customize checks to include client-specific details, such as invoice numbers and service descriptions.
ACH Transfer
In addition to check printing, the platform also facilitates ACH payments. ACH transfer involves moving funds electronically between various financial institutions. One of the most distinct features of Zil Money is its Same Day ACH service. By adopting this approach, individuals can transfer funds to accounts on the same day the transaction is initiated. With the recurring ACH option, you can make regular payments to your payees or collect direct payments from clients before their due dates.
Consulting companies have to deal with large volume of transactions every day. Firms can simplify their transactions by switching to check printing software. With Zil Money firms can easily create checks. As consulting companies expand, they can tackle financial dealings easily with the cloud-based platform.
