Forward Countersign Endorsement with airSlate SignNow

Forward countersign endorsement

chapter 5.1 endorsing writing checks in accounting money is usually referred to as cash hardware most businesses make major purchases using cheques when people pay businesses they'll pay with a check when you get that you will ultimately be depositing that so we'll always want to deposit our cash well one of the ways we deposit our cash is actually with a deposit slip you can see here's an example of a deposit slip it has the cheque it has the amount and has the total this is what you will use for your records when you are depositing cash once you deposit cash there's three different ways in which you can actually endorse a cheque the first one is a blank endorsement probably the riskiest one because it basically turns that check into cash and that's basically you're just writing your name on the back the next one is actually a special endorsement this is going to be where you're gonna try to transfer a cheque so if I write you a check and you want to transfer it to your friend Tim you would write on the back of the check paid to the order of and then Tim's name and then you would sign it under that and that's what's called a special endorsement finally the last one probably the safest type of endorsement is a restrictive endorsement and that's where you're gonna write on the top but for deposit only to the account of and you can either put the account number or you can put your business name in this case we put the business name accounting tutors and then you would sign it that's the safest one because the only way that thing can be deposited as if that goes directly into your account otherwise it's not going to be accepted so now once we've worked on deposit now we need to worry look on okay we've deposited money now what happens when we write a check well we're gonna take a look at this example here we are accounting tutors we need to write a check so we're gonna kind of go through the steps on how to write a check first thing I wanna do is we wanna chord the balance brought for it on check stub 390 if you notice that is a four thousand six hundred seventy five dollars and forty seven cents so under the bound spot for it on the left hand side on the check stub we're gonna write that number we always prepare the check stub before we prepare the actual check so in other words prepare the left side before the sighs next you'll notice us they recorded a positive 24 6450 made on September 30th of the current year on check stub 394 working on check stub 390 you look underneath the balance brought forward you'll see that the amount the place to put him on deposit and we'll actually just put that number...