http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/ Editors from FSB magazine answer your pressing small-business questions. Tue, 15 Dec 2009 12:52:55 +0000 http://wordpress.com/ hourly 1 http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-2071 Walter Davis, N Conway, NH Tue, 17 Nov 2009 00:31:53 +0000 http://askfsb.blogs.fsb.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-2071 The grocery store I work for has started to use a check service as stated in the article, but we added a "local" option. If a customer writes a check from a local area, we take the check without processing it through the service. We have a good relationship with the local police for bounced checks. This is working fine, so far. The grocery store I work for has started to use a check service as stated in the article, but we added a "local" option. If a customer writes a check from a local area, we take the check without processing it through the service. We have a good relationship with the local police for bounced checks. This is working fine, so far.

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-1631 Brigham, Chicago IL Wed, 25 Mar 2009 22:44:46 +0000 http://askfsb.blogs.fsb.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-1631 My employer bounced many paychecks over a period of 4.5 years with 3 or 4 between Feb 7 and 15 July 2008. There were also many delayed deposits and a salary cut made known on payday with check delivery. I finally left because of those things and "other." What are the IL laws and/or does IDES view that as reason to leave and file Unempl Comp? My employer bounced many paychecks over a period of 4.5 years with 3 or 4 between Feb 7 and 15 July 2008. There were also many delayed deposits and a salary cut made known on payday with check delivery. I finally left because of those things and "other." What are the IL laws and/or does IDES view that as reason to leave and file Unempl Comp?

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-1407 Atlanta House Cleaning Fri, 09 Jan 2009 20:53:45 +0000 http://askfsb.blogs.fsb.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-1407 We have run into this a lot at <a href="http://www.amazoncleaning.net/" rel="nofollow">Atlanta House Cleaning</a>. Most of the time, it is an honest mistake. The customer will pay you back plus the bank penalty no problem. If you get the run around in anyway, trust us, don't waste your time, submit them immediately to collections. Otherwise you'll really stress yourself out. We have run into this a lot at Atlanta House Cleaning. Most of the time, it is an honest mistake. The customer will pay you back plus the bank penalty no problem. If you get the run around in anyway, trust us, don't waste your time, submit them immediately to collections. Otherwise you'll really stress yourself out.

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-684 Ed, Tolar, TX Sat, 07 Jun 2008 05:29:25 +0000 http://askfsb.blogs.fsb.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-684 First you need to understand what check is: a very short promissary note. Your business should have built in a default rate that is reflected in your gross profit margin. This reduces the stress by accounting for a reasonable amount of bad checks. If you have an inordinate number of bad checks, consider credit-debit cards only, as this shifts the burden of promissary obligations to the Credit card company. First you need to understand what check is: a very short promissary note. Your business should have built in a default rate that is reflected in your gross profit margin. This reduces the stress by accounting for a reasonable amount of bad checks. If you have an inordinate number of bad checks, consider credit-debit cards only, as this shifts the burden of promissary obligations to the Credit card company.

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-519 Anonymous Tue, 25 Mar 2008 13:34:51 +0000 http://askfsb.blogs.fsb.cnn.com/2008/03/24/how-to-handle-bounced-checks/#comment-519 I used to work for a small business, where my boss would have an absolute fit if one of the employees (including myself) would take a bad check (like we were supposed to know). Although, she bounced checks all over town. I worked there for over four years and in the last year, I had over 10 paychecks bounce... getting paid biweekly! She also bounced checks to her suppliers. It was a big mess and I am shocked they are still in business! Glad I got out of there... I used to work for a small business, where my boss would have an absolute fit if one of the employees (including myself) would take a bad check (like we were supposed to know). Although, she bounced checks all over town. I worked there for over four years and in the last year, I had over 10 paychecks bounce… getting paid biweekly! She also bounced checks to her suppliers. It was a big mess and I am shocked they are still in business! Glad I got out of there…

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