Cash deposit

[bizz123]

Hi
I know business account allow us to deposit cash in the account, will home office questions if our clients deposit cash in business account???
Any idea??

[bizz123]

Senior members?

[bizz123]

No member has any clues?

[Hope145]

Is upto you to decide payment options with your clients, is not for HO to decide payment options. However, you may want to ask your client to put a reference against each payment. Perhaps the reference you give will be traceable and you will have a record of them e.g when you issue invoice, you include a unique reference which client can quote when paying in cash. Am not an expert just my opinion.

[bizz123]

Thanks Hope145

[samaygrg]

Hi
I know business account allow us to deposit cash in the account, will home office questions if our clients deposit cash in business account???
Any idea??

I agree with Hope145. In the same time, I think there shouldn't be any problem if you can justify these if inquired. I do serve to my clients and customers, some pay with cash, some with card and some do bank transfer as per their convenience. Though I keep copy of receipts and invoices of all.

Hope this helped little bit.