Tip #1

Banks are not infallible, and if you’re running a bustling business, you’ve got money flowing in and out constantly. That’s why it’s critical to reconcile your bank statement every month and not rely on the bank to always be correct. By performing bank reconciliations on a regular monthly basis, you’ve already made a tedious task much simpler. In addition, always remember to review your balance sheet to ensure that nothing appears out of line. Just a few minutes can save you hours of aggravation.