Beyond Real-Time: Why You Need to Look Beyond Your Banking App for a Clear Financial Picture

Obs Bizink Blog Banner Financial Bookkeeping

“Real-time transactions are a powerful tool, but they’re not the whole picture. To truly stay on top of your finances, it’s important to regularly review your accounts and financial records. Don’t rely solely on technology, take an active role in managing your money.”

In today’s digital age, it’s become easier than ever to stay on top of our finances. With online banking and mobile apps, we can access our account information and transaction history in real time. This can give us a sense of control and visibility over our finances that was previously unheard of. However, just because we’re getting real-time transaction updates from our banks, it doesn’t mean that our accounts are necessarily up to date.


One common mistake that people make is assuming that the information they see in their banking app is the full picture of their financial situation. This is not always the case. While real-time transactions can give us a good idea of what’s happening with our accounts on a day-to-day basis, they don’t always reflect the big picture.

One of the things we found in managing our clients financials is the number of subscription costs that have changed or have been added on that they weren’t even aware of. We often find we’re always the first ones to find any fraudulent charges for clients because there’ll be an Amazon charge or a prime charge or something pop up suddenly on their bank statements and if they’re not watching their own bank transactions closely, they miss it and we can always track those transactions for them. So it’s, it’s also another angle to be on top of your finances and having a great team looking out for you.

Another example might be a delayed transaction. Sometimes, a transaction may take a few days to show up in your banking app, especially if it’s a transfer between accounts or from a different bank. While you might be expecting this transaction to go through, you won’t see it reflected in your real-time updates until it’s processed. This can lead to confusion and mistakes in budgeting or financial planning.

To avoid these pitfalls, it’s important to regularly review your accounts and financial records. This means taking the time to update your budget and transaction history on a regular basis, even if you’re getting real-time updates from your bank. By doing so, you’ll have a more accurate understanding of your finances and can make more informed decisions about your money.

In conclusion, while real-time transactions can be incredibly helpful in staying on top of your finances, they should not be relied on exclusively. It’s important to regularly review your accounts and financial records to ensure that you have an accurate understanding of your financial situation. By doing so, you’ll be better equipped to make smart decisions about your money and achieve your financial goals.

Take control of your finances today by regularly reviewing your accounts and financial records. Don’t rely solely on real-time transactions. Share this blog to spread the knowledge and inspire others to take action too. Together, let’s create a stronger impact and achieve our financial goals. If you need assistance or have any queries, contact us. Your feedback is valuable to us as we strive to provide you with the most relevant content.

“The Importance of Regularly Reviewing Your Financial Records in the Digital Age”

Giphy (1)


Want to grow your business? Our Free Resources will Help