One small business owner, three business names, one acronym, and SO MANY QUESTIONS!!!
Can (or should) we accept a check for deposit made out to the acronym of a business corporation (i.e. check made out to ABC, but business is actually titled Abby's Basketball Court, Inc.).
What do we do if have a lockbox for this customer and his checks come made out to two of his business names on one check (i.e. made out to Abby's Basketball Court, Inc on first line, and second line is another business name, no 'and' or 'or'). Is this just something we clarify in our lockbox agreement?
The beatings will continue until morale improves...