Business expenses creep up. That eats your profits.

5 powerful tips to crack down on unnecessary expenses taking money out of YOUR pocket. 1. Cancel Monthly Payments - Go to Quickbooks with your accountant. Cancel the many automated services you used to use. ;) - For one client this cut almost 10% of their operational expenses. 2. Review Contracts Regularly - Twice a year, work with a CFO to review your vendor contracts for ways to eliminate services you don't use, push back the payment days, or other options. 3. Track Invoices Closely - Have someone on your team review invoices. Often vendors accidentally ;) overcharge. Reviewing as a discipline is part of having a tight financial process to keep more of your revenue. 4. Streamline Vendors - Consolidate services to avoid overlapping costs. 5. Negotiate Prices - Generally, asking feels scary, but a good CFO will help you understand the terms and how to talk to vendors about pricing. You work hard for each sale, don't lose another cent to unnecessary expenses. DM if you have questions.