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- You Overdrafted Your Account
You Overdrafted Your Account
Big businesses may review cash weekly (I’m still a daily guy), but for small and veteran-owned businesses, daily is smarter especially as you begin to grow and expand. Spend 10 minutes each morning balancing your bank accounts or do this at the end of your day. Confirm deposits posted, payments cleared, and loan balances updated. Remember, post cash daily too for your aging report to be as accurate as possible. Don’t batch your cash posting into 1x weekly…
Daily visibility reduces surprises and helps you make confident decisions about what you can and can’t spend that day. It also helps prevent overdraft fees, missed payments, or unnecessary borrowing. Small habit, big payoff.
Tomorrow, we’ll discuss why aligning your whole team around cash flow matters more than you think.
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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!
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