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I have a single member LLC. When paying a contractor (about 10k) is it okay to just do a ACH bank transfer or should I send them a check. Related, when I pay myself, it is okay to do an ACH bank transfer to my personal account or do you recommend sticking with checks. Thanks! |
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It's really all the same in the end. From an accounting perspective you will handle it the same in either scenario. |
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It makes no difference from a tax/accounting perspective: there is a good audit trail either way. It may be more difficult to reconcile your bank account and month-end if your bank doesn't provide good details for your ACH's, but that's an operational issue. |
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