Why should you switch to daily cash flow reconciliation?
When you run a business, you’re likely juggling multiple tasks at once and reconciling your accounts can easily slide to the back-burner. By the time you get around to it, you may have a mountain of receipts and invoices to wade through.
Reconciling your cash flow on a daily basis, versus doing it weekly or monthly, can help to avoid unnecessary headaches. With daily reconciliation, it can be easier to spot errors and therefore be able to address them right away, rather than trying to deal with them weeks after the fact. This can take just a few minutes a day instead of a few hours at the end of the month. And it can give you granular visibility into what’s effecting your business.