How to Keep Track of Your Small Business Checkbook Balance

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Being a business owner, I’m sure you are plenty familiar with your business checking and savings accounts. Balancing your checkbook every month will help you catch mistakes, keep track of your money and avoid hefty overdraft fees.

Learning how to properly balance your account can consume a lot of time and it can be tough to get in the full swing of things. And as you know, it’s often forgotten about if you are constantly on the go. But rest assured, if you have a smartphone or tablet, you can keep track of your checkbook balance through apps and tools like these:

  1. Money Pro

Money pro is a one stop shop for bill planning, budgeting and keeping track of your accounts. You can mark days on a calendar when your bills are due, schedule recurring bills, and filter transactions by selecting dates on the calendar. MoneyPro is available on iOS, Android, and Windows Phone.

Cost: $1.99

  1. GoDaddy Bookkeeping

Go Daddy Bookkeeping organizes all your small business finances in one place. Daily imports are an automatic occurrence which means no more managing complicated spreadsheets. Plus, enjoy seeing profit and loss charts at your fingertips. It’s mobile-friendly so you can add expenses and mileage on the go.

Price: Free.

  1. Ez Budget Envelopes for iPad

This app helps you not only keep track of your spending, but also keep it in check. It implements envelope budgeting with your bank account so you don’t have to carry envelopes with cash. Divide your money into virtual envelopes and then categorize transactions as they come in. You can also easily add revenue or bills that occur on a regular basis; weekly, bi-weekly, semi-monthly and monthly.

Price: Free

At Direct Capital, we know that using apps isn’t effective for everyone. So if you need some extra cash to hire a bookkeeper at your small business, we can help. Ask us about our working capital options, or click below to get started today!

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