Posted by FeliseSoCal on 2/25/13 4:25pm
Msg #457724
Direct Deposits...
Are many of you doing this? I'm wondering if it will be difficult to know which invoices are being paid if I don't have a check stub to staple to the invoice.
Pros...Cons...?
Any info would be appreciated.
|
Reply by ToniK on 2/25/13 4:26pm
Msg #457725
I have DD from a few companies and they always have the BO name or the invoice number associated with the payment. So no issues here.
|
Reply by Shoshana/AZ on 2/25/13 4:30pm
Msg #457728
Just keep accurate books.
|
Reply by Roger_OH on 2/25/13 4:31pm
Msg #457730
I have DD from LSI and love it! Quicker than a check!
|
Reply by Barbara___IL on 2/25/13 4:38pm
Msg #457736
It's a good thing.
|
Reply by Lisa Aske on 2/25/13 4:44pm
Msg #457738
Some send an email giving the details of the deposit being made to your account, date of deposit, borrower name or address for payment being received.
|
Reply by Natacha Joseph on 2/25/13 4:49pm
Msg #457740
Try it; you will most probably like it 
I was a tad reticent to sign up for direct deposits initially. Turns out most (if not all) of the companies that offer the option will email a remittance advice. The notice will contain specifics as to which assignment(s) payment is being remitted.
For my records, I print the email -- also will copy and paste the line item from online banking to show the deposit actually going in. There are a variety of ways you can keep track. Have at it and you'll discover what's best for you
Good luck!
|
Reply by ananotary on 2/25/13 5:08pm
Msg #457744
Why do you need a check stub to staple to an invoice?
We should be going paperless... I scan all checks I receive, just in case, but really only depend on my accurate accounting.
|
Reply by ArtG/KS on 2/25/13 5:29pm
Msg #457756
Re: Why do you need a check stub to staple to an invoice?
There will also be a line item on your bank statement in case an email advise of DD does not get sent.
Now from 30 years ago, the late Paul Harvey stated, we all know the occupation that uses the most number of trees in the usage of paper. Lawyers. 17 trees each a year!!!!
Dont know what that statistic is today but electronic paperless business seems to have bred the use of more paper, not less.
|
