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How one simple idea created £15,000 a year more profit “out of thin air”

There’s a particular kind of frustration I see time and again in growing businesses.

The sales are good and yet the profit and bank balance somehow never quite reflects the effort being put in.

The owner is left wondering why all this hard work isn’t translating into more profit and a better bank balance.

This was exactly where one sales and marketing agency found themselves earlier this year.

The business was turning over around £500k by running campaigns (lasting typically between 3 to 6 months) which delivered great results for clients.

All seemed fine – although there was a sense that the monthly profit should be higher.

When we sat down and talked through how the service was delivered and priced, one detail stood out almost immediately...

Before any campaign could begin, a full day was spent creating the campaign itself. Strategy, planning, prep, alignment – all the thinking that made the results possible. It was valuable, specialist work. And yet, it was being given away for free.

In the owner’s words, it was “just part of onboarding”.

The Plan (and it really was this simple)

We didn’t overhaul the business model or reinvent the service. Instead, we focused on one overlooked area that already existed.

The steps were straightforward:

Step 1: Identify hidden value

We mapped out everything done in the onboarding process before delivery began and asked a simple question: would a client miss this if it didn’t happen?

Step 2: Separate it from the core service

Campaign creation became its own clearly defined step, not something quietly absorbed in the background.

Step 3: Name it and price it

Giving it a name instantly made it tangible. Pricing it, £149–£749 depending on client size, positioned it as professional, not optional.

Step 4: Communicate it confidently

No over-explaining, no apologies – just a clear explanation of what it was and why it mattered.

That was it.

The Results – Extra Profit ‘out of thin air’

Within five months, this single change generated an extra £6,200 in pure profit.

That means the business is set to add around £15,000 a year straight to the bottom line – money that simply didn’t exist before.

Key Takeaway

Most businesses don’t have a revenue problem. They have a clarity problem.

Hidden inside virtually every business are opportunities like this – changes that don’t increase workload but dramatically improve profit and cash flow.

So, if you’d like to increase your profit, now is a good time to look at your numbers differently.

If you feel like there’s untapped potential in your business then you’re probably right...

If you want to use numbers to find out where your profit is hiding in your business and unlock it, then let’s have a conversation.

To get in touch you can drop us an email to [email protected] or call one of the team on 0161 410 0020.

Disclaimer

You must take professional advice before making any decisions based on the information that you have learnt here. While every effort has been made, to make sure it is accurate it cannot be precisely tailored to your personal circumstances. This article is for general information only and no action should be taken, or refrained from, as a result of this information.  Professional advice should be taken based on specific circumstances in each individual case.  Whilst we endeavor to ensure that the information contained in the article is correct, no liability will be accepted by Krystal Clear Accounting which is a trading name of Kim Marlor Associates Ltd or damages of any kind arising from the contents of this communication, or for any action, inaction or decision taken as a result of using any such information.

Related Articles

In short, bank feeds create a digital link between your business bank account and your accounting software, such as Xero or QuickBooks.  

This means bank transactions are automatically downloaded into the accounting software. This simple piece of automation, completely removes the need to manually input every bank receipt and payment into the accounting software. 

Having bank feeds in place, saves a HUGE amount of time bookkeeping. That’s because it completely removes the need to manually input bank transactions into the accounting software. 

Saving time bookkeeping isn’t the only benefit for the business…. 

 

 

What are the main benefits to a business using bank feeds?

Bank feeds automate, what was previously, a time-consuming task of entering all the bank transactions into the accounting software. 

 This saves the business a HUGE amount of time (& money) spent on bookkeeping.  

With bank transactions being downloaded from the bank every day, it means it’s quicker and easier to keep the bank balance in the accounting software up-to date. 

With the accounting software up-to date, the bank is updated daily which gives you a clearer, real-time view of your business’s cash flow.  

This makes it easier for you to plan your cashflow, and take action to improve it. 

There is always the risk of errors being made when data is being manually inputted into the accounting system. It is often time-consuming to find and correct any errors. Also, if an error is large then the Profit & loss and Balance Sheet reports will be inaccurate and potentially misleading. 

 Automating the bank transaction entry previously manual process, reduces the risk of errors being made and ensures that the bookkeeping records and reports are accurate. 

How to Link Your Bank to Xero

Ensure that your bank account is set up for online banking. This feature is typically available from all major banks. 

Log into your Xero account and navigate to the banking section. Select ‘Add Bank Account’ and follow the prompts to search for your bank. 

After adding your bank account details, you’ll see an option to set up bank feeds. Click ‘Agree’ to the terms, then securely log into your online banking portal through Xero to authorize the connection. 

 

Are Bank Feeds Safe & Secure?

Yes. 

Firstly, having bank feeds in place ONLY means bank transactions are downloaded into the accounting system. They do NOT give anyone else access to the business bank account. 

 Secondly, XERO has various security measures in place to give you a piece of mind that your financial data is safe and secure: 

 

  • Encrypted Connections: Xero uses advanced encryption technology to secure the data transmission from your bank to Xero. This means your sensitive information is encrypted during transit and cannot be intercepted or read by unauthorized parties. 

 

  • Compliance and Standards: Xero adheres to high standards of data security compliance, thus ensuring that its practices meet or exceed industry security standards and regulations. 

 

  • Regular Renewals: To maintain a high level of security, XERO requires that the bank feed connection is renewed every 90 days. This process is straightforward and helps ensure that the integrity of your financial data is always protected. 

 

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KIm Marlor the MD of Krystal Clear Accounting
krystal clear accounting

In Summary

In short, having bank feeds really saves businesses time and money on their bookkeeping.  

 They automate and eliminate what is otherwise a time consuming and error prone manual process.  

 Bank feeds is just one of the ways technology can be used to help business owners improve the financial side of their business.

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