Archive for Cheques Plus

Basic Income In Canada

Poverty is a problem all over the world, including in Canada. It isn’t a problem with an easy solution but the problem can’t be ignored. The basic income concept is designed to help reduce the number of families living in poverty. While some feel it can work well and others don’t think it will change much, the only way to really know is to get something in motion to find out!

What is the Goal of the Program?

The goal of the basic income program is to offer households living in poverty additional funds by cheque on a monthly basis. Unlike other programs, there won’t be any strings attached or hoops to jump through in order to get the household qualified for the program. With more money, such households will have the means to pay for basic necessities and living expenses.

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Why Paper Cheques Are Still Relevant

paper cheque

While we live in a world where payments can be made electronically, there is still a need for paper cheques. They continue to be relevant as they offer a paper trail, reduce risk, and they help to serve a need both for individuals and businesses. They are convenient to use and make it possible to keep good track of all of your transactions.

Paper Trail

With paper cheques, there is a trail so it is easier to find out what was spent and where it was cashed. That can be important when it comes to having records to verify you made a payment. A photo copy of the cheque before you send it as well as one from the bank when you get your statement showing it was cashed can help you to keep very good records.

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Steps to Help Protect your Business from Cheque Fraud

hand printed cheque

You have to take steps to help ensure your business is protected from cheque fraud. Without preventative measures in place, you are at the mercy of criminals who look for easy targets. They often get a feel for how things are going to play out, so make sure they can’t easily get money from you and then you are left wondering how this happened!

You also have to prevent cheque fraud from happening inside of your own business by one of your employees or a clever thieve. Don’t leave blank checks where they could easily be stolen by anyone. There should be a check and balance system in place too where cheque numbers are always accounted for by at least two people. This ensures any cheque that may be unaccounted for can have a stop payment on it and even reported to law enforcement.

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