What Is a Bank of First Deposit (BOFD)? A bank of first deposit (BOFD) is a bank at which an individual first deposits a check into his or her account. If the issuer of the check likewise banks at the ...

Save a copy of a voided check as a PDF document. If you do not have a check, then please provide proof of ownership for your bank account as provided by your bank. This form must be saved before ...

Direct deposit is convenient for both employers and employees, saving both parties time and potentially money. It can also unlock certain benefits for employees, such as certain checking or savings ...

Making deposits for your company is similar to making personal deposits, but there are extra steps you should take when doing commercial banking. The company accounting department will need more ...

Forbes contributors publish independent expert analyses and insights. I write about taxes, law and life. A business receives a call from its bank that the IRS has seized all of the business’ funds on ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Once you have set up payroll in QuickBooks Online, ...

Accurate records are necessary for business finances. Bank reconciliation is an important part of this, as otherwise company records can quickly become out of synch with bank records and create ...