OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Avoid Risky Business – Review Your Bank Statement Monthly
May 15, 2012 by Ed Becker
A client of ours (before becoming a client) lost $118,000 because they weren’t reviewing monthly statements. I’m going to tell you this story – one that is all the more heartbreaking because the business (a bakery) was already on the brink – but first, some basics every small business owner should know (but many don’t): […]
10 Red Flags to Watch for When Reviewing Bank Statements
December 12, 2011 by Ed Becker
What’s the danger in not reconciling bank accounts regularly? Many small business owners simply log into their bank’s website for a quick review of cash balances instead of reconciling their accounts. Below, I’ll give an example of how relying on this quick case review can be a $100,000 mistake. Plus, I’ll give you 10 “red […]
