Why Businesses Still Use Deposit Tickets
Even with online banking and electronic payments, many businesses still use deposit tickets every day. Deposit tickets help businesses keep accurate records when making cash and check deposits. They also provide a simple way to verify that deposits are made correctly and credited to the proper account.
Many businesses use deposit tickets for:
- Customer payments
- Cash deposits
- Daily bank deposits
- Accounting records
- Internal tracking
For businesses that regularly deposit checks and cash, deposit tickets remain an important part of the banking process.
Custom Deposit Slips vs Bank-Issued Deposit Slips
Most banks provide deposit slips when a business account is opened. While these deposit slips work well, they may not always be the most convenient or cost-effective option.
Custom deposit slips are printed with your business information and bank account information. Many businesses choose custom deposit slips because they can order larger quantities and reorder them when needed.
Benefits of custom deposit slips include:
- Company name printed on the slip
- Consistent account information
- Easy reordering
- Professional appearance
- Lower cost when ordering in larger quantities
For businesses that use deposit tickets regularly, custom deposit slips often provide more flexibility than bank-issued forms.
Common Deposit Slip Errors and How to Avoid Them
Small errors on deposit slips can create delays and additional work for your staff.
Incorrect Account Information
One of the most common mistakes is using the wrong account number or outdated banking information. Always verify account information before ordering new deposit slips.
Incorrect Deposit Totals
Adding checks and cash incorrectly can create problems when balancing accounts. Double-check totals before submitting deposits.
Running Out of Deposit Tickets
Many businesses do not realize they are running low until they have only a few deposit slips remaining. This can lead to rushed orders and unnecessary delays.
Unreadable Information
Poor handwriting or damaged deposit slips can make deposits more difficult to process. Using professionally printed deposit slips helps reduce these issues.
When Should You Reorder Deposit Tickets?
A good time to reorder deposit tickets is when you have approximately 20% of your supply remaining. This allows enough time for printing and delivery before you run out.
You should also reorder deposit slips when:
- Banking information changes
- Your business name changes
- Your logo is updated
- Existing forms become outdated
Planning ahead helps ensure your business always has the financial forms needed for daily operations.
Need Custom Deposit Tickets?
Summit Printing provides custom deposit slips, business checks, MICR printing, and other financial printing products for businesses throughout Salt Lake City and the Wasatch Front.
Whether you need a new order of deposit tickets or replacement deposit slips, our team can help you find the right solution for your business. With fast turnaround times, professional-quality printing, and free local delivery, Summit Printing helps businesses stay organized and efficient.
