7 Ways Your Business Could Be Owed Money

When you’re a business owner, you naturally focus on sales and growth as a way of boosting your bottom line. This is, of course, the best way to make money over the years and ensure you are building a successful company.

Still, you know what? There are often other sources of revenue that you may be missing out on.

One of them that is often more overlooked than most is money that is owed to you in various forms, so let’s take a look at 7 ways your business could be owed money today, because every penny counts, right?

1. Unpaid invoices

This is the most obvious source of owed money, yet it’s often poorly managed. Late payments, forgotten follow-ups, or unclear payment terms can leave invoices outstanding for months.

Regularly auditing your accounts receivable and having a clear credit control process can help recover funds that are rightfully yours.

2. Overpaid taxes or incorrect tax assessments

Businesses sometimes overpay VAT, corporation tax, or PAYE due to calculation errors or changes in circumstances. HMRC allows claims for overpaid tax going back several years in some cases.

A review by an accountant or tax specialist could reveal refunds you’re entitled to claim back.

3. Supplier rebates and discounts not applied

Volume discounts, loyalty rebates, or promotional offers can easily be missed, especially if you work with multiple suppliers.

If you haven’t checked your supplier agreements recently, you may be owed money in the form of credits, refunds, or future discounts that were never applied.

4. Business insurance refunds or claims

If you changed insurers mid-policy, reduced your risk profile, or paid for cover you didn’t fully use, you may be entitled to a refund. Similarly, some businesses fail to claim on valid insurance claims because the process seems complex or time-consuming.

Reviewing your policies could uncover money left on the table.

5. Overpayments on utilities and services

Billing errors from energy providers, telecoms companies, or software subscriptions are more common than many businesses realise. Estimated readings, incorrect tariffs, or unused subscriptions can all lead to overpayments.

Auditing your bills and contracts may reveal credits or refunds due.

6. Vehicle and finance-related claims

If your business has used vehicle finance, leasing, or PCP agreements, you could be owed money due to mis-selling or unfair commission structures. Increasingly, businesses are exploring options such as a car finance claim to recover money that was unfairly charged.

These claims can sometimes apply even if the agreement has already ended.

7. Dormant accounts and unclaimed balances

Old client accounts, closed projects, or legacy systems may still hold balances owed to your business. Over time, these small amounts can add up. Regularly reconciling dormant or inactive accounts can help you identify funds that should be transferred back to your main business accounts.

As you can see, there are more sources of potentially unclaimed funds for your business than you might have thought, and claiming them or searching them out as best you can is a nice little way to boost your bottom line, so what are you waiting for?

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