The new financial year is an excellent time to review your subscriptions and direct debits. Many businesses carry unnecessary expenses into the new financial year without realising it. 

Consider tracking all recurring software and service subscriptions in a subscription register.  The register should include the cost and the next renewal date.

Cash flow for a small business is crucial! Managing your subscriptions and direct debits with a structured approach will help identify unused licences and prevent accidental automatic renewals.

Don’t forget to also check your bank and credit statements regularly to catch any unnecessary charges.