Bought something for your business without knowing if you can afford it?

I think we’ve all been there at some point! And it’s very easy to just flash a debit card at the machine without really thinking about it. But it can cause lots of issues if you don’t have the money in your bank account.

There's a very simple thing you can do to help stop it from happening

And that’s to check your bank account regularly. Ideally every day. But no more than once or twice a day or you’ll start to drive yourself crazy! Try it as one of your morning tasks so you know what you’re starting the day with.

I know it can be scary facing the numbers.

But I promise you, the more you do it the easier it becomes. And it puts you back in control. If you know exactly how much money you’ve got in your bank, there’s less chance of you making a purchase on impulse and going into your overdraft.

Ell Evan Bookkeeping are not Tax Advisors and so our advice and suggestions on the application of tax rules cannot be construed as tax advice.