accounting, payroll. true or false?

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accounting, payroll. true or false?

When a company has only a few employees, paycheck are often written on the company's regular checking account?

true or false?

2007-10-25 17:18:23 · 3 answers · asked by luckyplaya23 2 in Business & Finance ➔ Other - Business & Finance

3 answers

They can be. There is no law that says you have to have a separate checking account for payroll, at least none which my account has informed me of...

2007-10-25 17:21:39 · answer #1 · answered by DMG 5 · 0⤊ 0⤋

True

You do not need a separate checking account for payroll.

2007-10-26 01:33:54 · answer #2 · answered by fivestring46 4 · 0⤊ 0⤋

True.

I did it for my Dad's business. Admittedly that was 30 years ago. However small business accounting software such as Quickbooks will let you do that too.

2007-10-26 00:22:33 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋