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When do you deposit your checks?

AJPratt

Legend Member
Silver Member
Oct 11, 2005
6,681
5
I noticed that HO is deducting money from my account much faster than before, which I guess is good. When do you deposit checks? Do you do it the night of the show or the next morning? Do you just use the MAC machine?
 

TinasKitchen

Advanced Member
Feb 25, 2006
636
1
Anne I'm glad you asked that. My director said it didnt matter to her bc she had extra $$ in her account. Well I dont b/c I'm still new so I try my best to cash the checks here at work and deposit the cash or I do it as soon as I can after the show. I also try my best to get any orders after the show to be on CC so that I dont have to worry about them not going thru in time.
 

agw

Member
Gold Member
Nov 17, 2005
239
0
I'll deposit all the checks once we've -closed- the show. I've had a couple of instances where a guest has changed an order so the check I had wasn't accurate anymore. I just had the guest write a new check or pay by credit card and ripped up the old check.

That said, I'll wait until the checks show up in my account balance before submitting the show. :)
 

pamperedalf

Senior Member
Silver Member
Nov 3, 2005
2,880
1
If I have a show in town I deposit right after the show, if I have a show in a different town I deposit on my next trip to town. I am trying to conserve gas, I drive a big diesal truck, $75 to fill up is killing me right now. I always deposit right away in case they do bounce.
 

sailortena

Member
Feb 3, 2006
440
0
I usually first cash my checks then deposit the cash. The one time I didn't do that and a check bounced. :p I don't have shows taken out of my checking account; I charge it all to my Pampered Chef credit card and then I pay it all at once every month.
 

jenniferlynne

Veteran Member
Jun 29, 2005
1,998
0
I used to wait until I closed the show, but I guess I will start doing it right away since they are taking the money faster. I was always afraid I would accidentally spend it if the hostess kept her show open too long. I get a little scatter brained sometimes. :rolleyes:
 

AJPratt

Legend Member
Silver Member
Oct 11, 2005
6,681
5
agw said:
That said, I'll wait until the checks show up in my account balance before submitting the show. :)


That's what I should do.
 

lacychef

Legend Member
Feb 15, 2006
5,778
0
Maybe I'm too trustworthy! I usually send in the order, then that day I'll take the money to the bank. I've only had a check come back once, knock on wood! I just like to wait 'till I have all the money from outside orders & host money & just do one deposit, that way I know if it matches what PC will be taking out of my account.
 

dannyzmom

Legend Member
Gold Member
Apr 11, 2005
9,321
17
I deposit the checks th efirst banking day after the show so they have time to clear before I submit the show - I refuse to sumbit a show until all the $$ is cleared.
 

bbauman07

Veteran Member
Gold Member
Apr 12, 2005
1,473
2
dannyzmom said:
I deposit the checks th efirst banking day after the show so they have time to clear before I submit the show - I refuse to sumbit a show until all the $$ is cleared.


This is the same thing I do. The one time I was nice it bit me, I still haven't received payment for the womans Food Chopper.
 

ChefMommyinOC

Member
Mar 7, 2006
64
0
Since I started PC, I've put the money in my account the day after I submit the show. I never split the deposits because I use a money-tracking program and it's easier to keep track of the show deposits and withdrawals that way. The money only comes out of my account the day the products hit the host's doorstep, always. That gives me about 10 days to make sure all checks clear.
 

AJPratt

Legend Member
Silver Member
Oct 11, 2005
6,681
5
I submitted a show on 5/29 and on 5/30 they had debited my account.
 

tiffanypc05

Advanced Member
Nov 3, 2005
601
0
It specifically says that the money will not be taken out of your account in no less than four days I believe...It's in recipe for success. It always takes a least a week for mine to come out of my accounts.

If you are just depositing your checks, ask the teller to please make them available. Some banks hold checks for up to seven days.
 

KarensChefsClub

Novice Member
Gold Member
Feb 20, 2006
26
0
The one thing I really like is that we can submit the shows on the PC credit card. This way when I submit the show I don't have to worry if all the checks clear or not, and by the time the cc bill comes if a check would happen to bounce I have time to work it out with the host and guest.

Plus I deposit all the checks in a seperate savings account and earn interest on the money (every peeny counts!) while I wait for the cc bill.
 
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