Thursday, April 09, 2009

Company Bank Deposit

So, your company has a bank deposit that needs to be made every week or even every day. Your first thought is: "who can make the deposit?" You decide to use the receptionist or some other employee in the office. "Heck, the bank is just 10 minutes away." They can do it on the way home or during a lunch break, right?

Well, yes. But, is that really the best solution for your company? Probably not. Especially if that person is on the clock. If that bank is "just 10 minutes away", that is 10 min there, 10 min back plus however long they have to wait at the bank. So, you're starting to look at 30 minutes and if that person makes $10/hr, then paying $5 right off the bat. Then, you have to reimburse them for mileage. I think that is 55 cents per mile now.

In addition to out-of-pocket expenses, what about lost work? If they are on the clock, not only are you paying them to do the delivery, they are not doing any work at your office (the thing you hired them to do). So, now they are not only costing you money for the delivery, they are not generating any money for your company.

If that's not enough, what about the liability? Do you know who is liable if they get in an accident while performing a delivery for your company? The person with the biggest check book. That is going to be your company. It's just not worth it.

So, what do you do? Call a reputable courier company in your town. Chances are you can get a courier service to do your bank deposit for very little money. Maybe even less than it would cost to send your employee. Plus, there is no liability for you. Just make sure that the delivery service has a significant insurance policy and bonding package.

Don't waste your time & money. In Dallas, you should call JetStar Courier at

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