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Don't Write Checks to 'Cash'

Recordkeeping is all about creating a clear, auditable trail of where your money goes. The either/or dilemma is between quick convenience (writing a check to 'Cash') and clear records (writing a check to a specific entity or person). Safe practice demands clarity.

Avoid writing checks to 'Cash' whenever possible. A check made out to a specific person or company creates a clear record. If you absolutely must write a check for cash to pay an expense, be sure to get a receipt for the payment and keep it in your records. This simple act helps you maintain a Safe and clear audit trail, which is essential for IRS compliance.

Ready to build a solid foundation? Read more on this topic by visiting https://www.safesimplesound.com/business-checkbook-strategy/.

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DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.

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