Why do businesses prefer cheques to cash?
Question asked by: mrquestion
Asked on: 31 Mar 2008
Businesses prefer cheque payments to other payments (probably online or electronic more than cash) due to the fact that it helps with their cash position.
If they pay you online they lose the money very quickly. With a cheque there is the delay of you taking it to the bank and then a few days whilst it is cashed and the money leaves the account.
As all this takes a few days then it can be seen that it takes a while for the money to actually leave there account so they have it in their account a while longer.
By: knowitall
Replied at: 31 Mar 2008
Average rating for this answer is 4 / 5
Rate Answer
Comment or provide your answer to this question
No comments have been added to this question "Why do businesses prefer cheques to cash?".
No comments have been added to this question "Why do businesses prefer cheques to cash?".
Ask a New Question
Find out more about Business
Find out more about Business
Business Questions and Answers
business banking Questions and Answers
Next question: Why do interviews not always get the best candidate?
Become a Member! It's Free >>>
Share on Facebook: 
On Twitter:
Tweet this!
Question Keywords
cash cheques prefer businesses
More Questions:Is Advertising Income A Sustainable Business Model For Websites?
Does E-business Stop Some Traditional Companys Working?
Staff Performance
Why Are Taxes So High For UK Small Businesses?
Is Studying Business At School Important?