The #1 Habit Smart Business Owners Swear By

When you’re managing multiple bank accounts, loans, and lines of credit, staying on top of your cash position isn’t optional… it’s critical! Many business owners wait until the end of the week or even the end of the month to reconcile accounts, but by then, you’ve already lost valuable insight.

Or there are businesses out here not even reconciling their accounts or tracking how their business is doing…this is crazy and you can’t expect to grow strategically applying that logic.

Daily bank balancing gives you real-time visibility into your company’s financial position. You know exactly how much cash you have, where it’s sitting, and what’s coming in or going out. This is especially important when:

• You manage multiple banks or accounts

• You’re juggling loans and lines of credit

• You have daily outgoing payments like payroll, suppliers, or loan servicing

• You want tighter control over cash flow forecasting (BIG ONE!)

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Without daily balancing, it’s easy to make decisions based on outdated numbers like approving a large vendor payment when you don’t have the liquidity, overdrawing an account, or underutilizing available credit.

By dedicating just 10–15 minutes a day to update your balances and match them against your general ledger, you reduce surprises, improve cash flow control, and make better, faster decisions. Think of it as daily intelligence gathering….a small effort that pays big dividends!! Let me know how it goes!

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NEW FOR 2025!

I have a high focus helping other vets out there and want you all to succeed, so I created this Skool group below called the Profit Platoon. Would love to have you there!

Contact me if you’d like to network or partner together. I’d love to chat with you more about the services I offer on the side through Guernsey Consulting. If you do not know, I work full time in Treasury Management and do consulting on the side. Would love to chat or network with you about it.

Some of those services are listed below that we can help you with!