Take note of your banking and your banking costs, choose wisely. Banking and book keeping fees are shockingly high.
On turnover of around 1.5 million banking fees can run at 40 000, that equates to 2.6 percent and can easily become more than what you as owner may profit out of the business.
Try to do as little banking as possible, keep it simple, do not have debit orders or any other unnecessary charges coming off.
On turnover of around 1.5 million banking fees can run at 40 000, that equates to 2.6 percent and can easily become more than what you as owner may profit out of the business.
Try to do as little banking as possible, keep it simple, do not have debit orders or any other unnecessary charges coming off.
No comments:
Post a Comment