How to stamp the transfer check?
In the column of endorsee on the back of the check, fill in the bank of deposit, and pay attention to the full name of the bank of deposit. In the box below, it's better to write it on the side, and write entrusted collection. Then stamp the financial seal and legal person seal in the box, which is the reserved seal of your bank. The two seals and entrusted collection must be stamped with clear seals and cannot overlap each other.
Can I write a transfer check for my personal account?
Company transfer checks can be made out to individuals. They can be transferred to your personal settlement account in the bank.
Where a unit pays from its bank settlement account to an individual bank settlement account, and each payment exceeds $50,000, it shall provide the following payment basis to its bank:
1, wage agreement and payee list.
2. Award certificate.
3, news, publishing and performance organizers and the payee signed the employment contract or proof of payment to individuals.
4, securities companies, futures companies, trust and investment companies, incentives or underwriting departments to pay or return to natural persons.
5. Debt or property right transfer agreement.
6. Loan contract.
7. Certificate issued by insurance company.
8, tax collection and management departments to prove.
9, agricultural products and mineral products purchase and sale contract.
10, other legal proof of payment.
Where the unit bank settlement account pays tax to the individual bank settlement account, the withholding unit shall provide the tax payment certificate to the bank where it opens the account when paying the tax.
Accounting entry of transfer check
1. When purchasing a transfer check:
Debit: financial expenses
Loans: bank deposits
2. When the transfer check of the customer's sales amount is remitted to the company account:
Debit: bank deposit
Loans: accounts receivable, etc.
3. When paying for the goods by cheque:
Debit: accounts receivable
Loans: bank deposits