Advice on effectively budgeting your office.
Tips on staying in control of your office cash flow.
How to save money in the office continued.
One of the most expensive and wasted resources in an office is paper. However, there are a range of steps that you can take to ensure that you cut down on costs. Becoming a paperless office is easier than you think. Devices such as portable hard drives and memory sticks can be used to back up work efficiently which subsequently cuts out the further hassle of creating a filing system.
If you do need to print use both sides of the paper and purchase recycled products including ink cartridges, the paper itself and even the ink. Also consider whether or not documents need printing in colour and once an ink cartridge is empty dispose of it in an environmentally friendly manner.
Whilst all of these things can save you money it is also important that you know what money is coming in and out of your business each month. If you don’t have an accountant you need to document the expenses yourself. This means keeping two separate ledgers, one for outgoing costs and another for incoming profit. Remember to document everything that you purchase for the office along with the bills for electricity, water and employee wages.
So try implementing some of this advice and see if it helps you to stay on top of your office finances more efficiently.