It’s important to always have a handle on what’s in your wallet. Especially starting out in your business, there can be a lot of expenses and not much revenue coming in yet. Knowing where you are with money can help you to make wise and informed decisions, or help to avoid a catastrophe with your account. It’s a simple thing to implement into your daily activities.
#2 Check Incoming & Outgoing Money
This goes right along with checking your bank balances. Sometimes, though, your balances don’t show all the activity. When you have pending deposits or outstanding checks, they might not yet be reflected in your account. So while you are checking your balances, take note of anything lingering out there that will soon be hitting the accounts and changing their balances.