Many businesses receive utility bills monthly, which cover electricity, gas, water, and more. Due to the volume and complexity of these bills, most companies simply pay the bills without auditing for errors or ensuring that the charges are in line with contracted rates. Utility companies are not immune to mistakes. In fact, about 17% of all utility invoices contain an error of some sort.
Whether your utility bill seems excessive or not, don’t dismiss the fact that there could be an error, and you may stand to recover lost money that you overpaid. Your business may be especially affected if you carry out your operation in two or more buildings. A detailed utility expense audit usually requires the services of an expert, but there are certain things even you can look out for in a utility bill.