49 \\ Stop Overpaying Vendors: 5 Fixes to Protect 10% of Your Profits
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 23 Oct 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/49-5-ways-you-re-bleeding-money-from-your-business/
Are you losing thousands of dollars each year without even knowing it? In this episode, Tiffany explains why small businesses often overpay vendors by up to 10% and what you can do to stop it. Learn the five main causes of overpayments—from poor reconciliation and duplicate vendor names to data entry mistakes and missing credits—and how to set up systems that catch errors before they cost you. Tiffany also breaks down how to handle vendor statements, watch for fraud, and implement controls as your business grows. If you want to keep more of your profits and stop leaking cash, this episode gives you actionable finance advice you can apply right away.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
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