..you log onto your online banking for your business accounts and realize you FORGOT to transfer funds to cover last week's vendor check run.
I don't have to tell you how my morning is going. We process checks weekly on Fridays and I personally make the bank transfer to cover the total check run amount then enter the transfer and confirmation number into QB. I've done it for 27 years....consistently....until last Friday. I must have been pre-occupied or had a brain fart for all the things to slip through the cracks without notice. I have a set process and we even have "check & balance" procedures to prevent such errors & omissions. Well, evidently we'll be reviewing and revising those procedures now.
Thankfully our vendors "understood" and will attempt to present any affected checks again. Of course I will also reimburse them for bank fees incurred.
I despise such stupid and preventable errors.
I don't have to tell you how my morning is going. We process checks weekly on Fridays and I personally make the bank transfer to cover the total check run amount then enter the transfer and confirmation number into QB. I've done it for 27 years....consistently....until last Friday. I must have been pre-occupied or had a brain fart for all the things to slip through the cracks without notice. I have a set process and we even have "check & balance" procedures to prevent such errors & omissions. Well, evidently we'll be reviewing and revising those procedures now.
Thankfully our vendors "understood" and will attempt to present any affected checks again. Of course I will also reimburse them for bank fees incurred.
I despise such stupid and preventable errors.