Catching the "Small Stuff" That Adds Up

We were at a client's office to help with a bank reconciliation so he could analyze how he was doing in order to plan his next strategic step. In the process, we discovered that he had not recorded some small ATM charges from his bank. It turned out that he was paying $1.50 per transaction plus an additional $1.50 service charge for a total of $3 for each ATM transaction. Some of those were for small withdrawals for petty cash. He had thought the service was free. By catching this seemingly small item, we alerted him to an area where he could save money by consolidating and reducing the number of ATM transactions, or by negotiating a better deal with his bank.