Cheques were originally developed as a way to pay merchants and creditors without having to carry large quantities of paper money. Today, things like laser cheques are used by businesses mostly for payroll and to pay suppliers and other important people or businesses involved with the company. Interestingly, one of the earliest known cheques still in existence is dated 16 February 1659, and was drawn on Messrs Morris and Clayton, London scriveners and bankers.
Many businesses do not know that when they order new cheques, they can order personalized cheques. This means that businesses can actually order new cheques with the business name or anything else they want printed on the cheque. Custom printed cheques can actually easily be made compatible with accounting software applications.
In Canada, more than two million cheques are processed every day. Interestingly, cheque fraud can be avoided by using only cheques printed on secure cheque stock, which means that many companies who order new cheques should invest in cheques printed on secure cheque stock.
At the end of the day, ordering cheques is sometimes a challenge for businesses. However, many businesses do not know that they actually have options when it comes to what cheques they want to represent their business. At the end of the day, cheques are a great way for businesses to pay people they owe money to in a personalized and satisfying way.