"They like the fact that they feel their payroll checks
are protected," says Lopez.
These firms compile and distribute payroll checks
on behalf of their corporate clients.
Grocers can add the BioPay technology to their customer service counters to combat payroll check
CPAs processing payroll checks
and making tax deposits online should consider access and security issues and be careful if they have access to a financially troubled client's bank account.
To qualify, members of the $7.3 billion The Golden 1 members must have an established checking account with direct deposit of their state payroll checks
prior to the impasse.
Clients with active CashZone Visa Debit Cards will be able to load their payroll checks
or cash onto their cards at any of the chain's locations once its stores are fitted with the remote depository technology."
If you run cash balances too tight, you risk bouncing payroll checks
and impacting employee retention, or even supplier product flows.
Another innovative idea is to have employees sign a contract with their insurers that would deduct provider payments from payroll checks
, he adds.
state and local payroll taxes; signed payroll checks
and direct deposit
Accounting personnel who work "in the trenches" of a company's day-to-day financial operations often grapple with such questions as: "How should I treat uncashed vendor checks and payroll checks
?" "Can such amounts be taken into income?" "Must they be reported and paid to a state and, if so, which state is entitled to the unclaimed funds?" The answers lie in the state statutes known as the unclaimed property laws.
The industry has existed since employers first started paying with checks in the 1930s and owners of stores and bars figured they could make money cashing payroll checks
. It is thriving today because it serves people's needs.
Managers and employees were given payroll checks
by a security guard posted in front of each restaurant.