Have a local bank account and sweep it weekly. I assume you figured out the common SW thing so you don't have to wonder who is late. We had no less than 6 bank accounts for similar reasons at one point. With all the online access it is pretty easy to keep up with.
On Fri, Mar 17, 2017 at 12:27 PM CBB - Jay Fuller <[email protected]> wrote: > > When you have more than one office scattered hours apart how do you handle > check payments at each office? > how do you handle cash payments? > do you locate a bank with a presence in each location? (this is difficult > here, small towns, very local banks) > in fact - we have no fewer than 8 banks here in my home town, three are > local that I know of. > In the town we've just acquired assets and geeks of a wisp they also have > their local bank - but none of our local banks. > it is about an hour away. > > do you: > > 1) have regular meetings where supplies are exchanged for cash/check > payments? > (we have had a large coverage area for a while but we usually drop ship > equipment) > > 2) open a bank account at the local bank at the new town and have the > office deposit payments there, > then weekly run a report and write a check on that account to your main > company bank account? > > We have discussed shutting down the office but the local folks have won - > it is a small rural town, they like > the people (and we have kept some of them) - they like to do business face > to face and largely in cash! > > ahhh - rural america. gotta love it! > > thanks! > > >
