Do you shop around for better prices?
It always amazes me how many business owners use the same supplier, year after year, without looking at alternatives.
Now there is definitely a lot to be said for good service and building a relationship, but for many it will just be a case of not having looked elsewhere.
Some simple advice is to get 3 quotes from 3 different suppliers for any large or regular purchases.
Not to mention price comparison sites for everything from mobile phone contracts to vehicle insurance.
I have seen businesses save thousands a year from implementing these process, purely from spending an hour here-and-there getting some additional quotes.
Speak to Roake & Cook if you are concerned about your business’s finances. We can offer a range of accounting services, including bookkeeping, year end accounts preparation, and tax advice. We are also Xero software specialists, and we are particularly proficient with our Xero migration service.