Do you know what you are spending?
Posted on 13th July 2018 at 13:31
Every company spends money - it's got a section of it's very own on your profit and loss account entitled "Expenditure" but do you actually know what you are spending your money on?
There will be a number of different areas of the business that spend money in different ways - official purchase orders with invoices to Accounts Payable, Monthly Service charges invoiced and allocated to a general ledger account, PCard charges expensed monthly or even in some businesses petty cash spends.
By pulling together all of these forms of spend, a full analysis can be completed.
Pro-Outsourcing can support you through this process, enabling categorisation and analysis of your spend to be completed and help identify savings opportunities.
#spend, #analysis, #Expenditure, #purchasing, #buying
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