I got a letter from Bank of America today telling me that they returned a check from last week. Which check?
My one employee’s check.
Crap. Crap. Crap.
The irony (?) of this is that in the last 12 months I’ve never had more cash than I do right now….it just wasn’t in my account at the right time.
I had moved some into savings, and a large check that I deposited weeks ago took forever to clear…and thus the bounced check to my employee. I wrote him a long email last nite and we worked it out today, with me giving him a few hundred dollar bonus to cover my error.
Its just kinda funny almost. All those months I was barely making payroll and I never bounced a check. Now, when business is going better than ever, I bounce one. Well, it shouldn’t ever happen again.
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One time where I work they messed up the direct deposit and everyone was issued paper checks. The sad thing was they knew about the problem days in advance and notified everyone there was a problem later (CYOA if you get that one). So I had to deposit the paper check and wait for it to clear before I could pay my bills. There wasn’t anything extra in it either for the delay and I got a charge from my bank. When an employee screws up they can get fired, but if the employer makes a mistake we’re told to deal with it.
I’m glad you got the money to your employee along with a little extra to cover their bank fees from your error. Hopefully you’re handling payroll taxes correctly this time around too. Glad your business is doing well.