Employees are the backbone of every company; therefore, paying them on time is crucial for running your company successfully. Despite the advancements in electronic payments, your employees may still prefer paper checks because of their familiarity and reliability. However, manual check issuance problems and check distribution delays can make handling payroll checks difficult. To significantly improve your employee payment process, print payroll checks with the cloud-based platform.
Here are some reasons why employees still prefer checks for receiving payroll.
- Payroll checks are perfect even for employees with no bank accounts since they can be easily cashed from the issuing bank.
- Payroll checks are the best solution when the employee needs to deposit their paychecks into another account during emergencies.
- Employees can decide when to cash or deposit their paychecks, giving them more control over their finances.
- Handling physical checks does not require any technical knowledge. This makes it an ideal option for employees less familiar with digital payments.
Click Here To See Interactive Demo⬇
Print Payroll Checks Efficiently
Businesses usually order pre-printed checks from third parties to pay their employees. However, ordering pre-printed checks for payroll is time-consuming and costly. This is because ordered checks may take 7-14 business days to reach your office. If there is a mistake by any chance, you will have to order a whole new set. This can affect your cash flow as it is an unexpected expense and will cause further delays, upsetting your employees. So, how can you overcome the challenge of pre-printed check ordering to pay your employees on time?
The answer is simple – print payroll checks instantly! For printing payroll checks for employees, the first thing you will need is check printing software. Utilize Zil Money to efficiently print checks for paying your employees on time. Let us see what are the things required for printing checks.
- Check printing software
- Blank stock paper
- Any printer
Using Zil Money, print checks on blank stock paper with any printer instead of buying pre-printed checks from third parties. You can get blank stock papers from any nearby office stores. Printing checks on blank stock papers can save 80% of your check printing expenses. This way, the platform can help you save on any unnecessary expenses and maintain a smooth payment process.
4 Main Benefits of Utilizing the Check Printing Software for Printing Payroll Checks
- Print Checks at Your Convenience – The check printing software helps you simplify the check printing process by printing at your convenience. With the software, you can print checks on demand from the comfort of your home or office anytime. This is helpful for businesses that want to pay their employees with checks on time. No need to wait for the pre-printed checks to arrive, as you can print them instantly.
- Personalize Checks with Easy Customization – With the check printing software, you can create and design payroll checks. The drag-and-drop feature of the software can help you add business logos, font styles, and background images. You can move fields, add any necessary details, or delete any with the customization options. Once the check template is ready, you can save it for future use. This way, customization can help you enhance your brand identity and boost your professionalism.
- Easy Integration with Payroll Software – You can effortlessly integrate your payroll software with the check printing software. This integration can help you import checks and employee details with a few clicks. Businesses can save time and effort with this integration. They can also reduce mistakes that are often associated with manual data entry.
- Helps in Preventing Check Frauds – Businesses, especially small firms, face greater fraud risk on checks because of inadequate security facilities. With the positive pay feature of the check printing software, you can avoid fraudulent checks from hitting the account. This feature can help in notifying you of any possible check frauds. This is done by providing your financial institution with a list of cleared checks in advance. The cleared checks are then cross-referenced with the outgoing checks; only then will the checks be processed.
Send Payroll Checks Affordably to Your Employees
As the business environment is getting more competitive day by day, companies will always be busy managing their operations. In this hassle, if they are still relying on checks for payrolls, they might not get enough time to manage it. If the business is small, managing payroll checks can be even harder as they may not have enough employees to handle them.
With Zil Money, you can easily handle payroll check payments. Other than printing payroll checks, you can send them directly to your employees via mail or email.
- Mailing Checks – Businesses can send payroll checks via mail to their employees using the check mailing feature of the platform. The only thing you need to do is create or import checks. The platform will print and mail your checks to your employees. You may also attach any required documents with checks you need to mail. For urgent payments, you can use overnight check mailing.
- eChecks – Businesses also send eChecks via email or SMS to their employees. eChecks are the digital alternatives to physical checks therefore, they serve the same purpose as a regular check. The platform sends an eCheck to your employees in the form of a one-time printable PDF. So, your employees can print and use them like a regular check.
Therefore, the check mailing and eCheck feature of the platform can be an efficient solution for payroll distribution.
Fund Payroll in Short of Cash Flow
Small businesses, especially the ones just started, will usually struggle with cash flow issues. These shortages in cash flow can result in late employee payments, leading to employee dissatisfaction. With Zil Money, small businesses can feel stress-free in managing their payroll fund by using the payroll by credit card feature. Businesses can utilize their credit card to fund a part or full payroll. For this, all you need is a payroll summary from your payroll provider. After uploading the payroll summary to the platform, you can start funding your payroll by credit card. With this feature, you can pay your employees on time and also earn rewards on your credit cards.
The Conclusion
Businesses can pay their employees who prefer checks efficiently using Zil Money. Instead of ordering pre-printed payroll checks, they can print payroll checks on the platform. This can significantly help them improve the employee payment process. They may also send checks via mail or email with the platform. If short in cash flow use the payroll by credit card feature to fund your payroll. All these features can help businesses pay their employees on time.
