Thank you David! As a truck operator, isnt a fast paying customer the best kind? Should we just go completely all cash only? I have been reading through your posts for some time now. Would I also sign our signature cards for the business at said bank "redeem lawful money pursuant..." the same as one would for a personal account? We also do catering so I presume we will be accepting deposit checks from our customers...
How about stamping each federal reserve note with the redemption verbiage at the end of our work day? Would that also be necessary?
Are there accountants who are privy to this information and process?