About 'jobs in cost accounting'|... the Clinton White House, appeared in otherwise respectable journals, ...and blogs with uplifting accounts of the Wonder of Rahm: as one of them...
Okay, the end of the year is rapidly approaching, and those of you who work in a corporate environment are probably feeling the pinch of the bad economy. Want to be a hero this year? Suggest workable, easy ways to save your company money. The best ways to save a company money are easy to do, won't involve any major changes, and don't cut anyone's job. Now, I work in an accounting department, so most of these suggestions are related to accounting. Hopefully, however, they will give you some ideas to build on. Go "green" with your invoices. E-mailing or faxing invoices to your customers is a great way to save money. With postage costing over $0.40 per letter, it can add up really quickly. Even if you only convert ten invoices a day to e-mail or fax, that's over four dollars a day, eighty dollars a month, nine-hundred-sixty dollars a year. By e-mailing or faxing invoices you save the cost of the postage, and the cost of the envelope. This is one of my favorites because it has the added benefit of looking like you're actually trying to be "green" by cutting down on paper usage. While that might be a fortunate side-effect, the primary help here is saving money. Get rid of the fancy paper. If you must continue to mail out correspondence, don't bother with the fancy, high-quality paper. Let's face it, most of whatever gets mailed out with end up either in the trash or in a file cabinet somewhere. You're not impressing anyone with the extra expense, and no one will think less of you for using plain printer paper. Don't bother sending duplicate copies. Unless your customer has specifically requested it, those duplicate copies of things-invoices, statements etc.-are a total waste of paper. Anytime I open the mail, those go right into the trash. Don't send monthly statements of account. Again, unless your customer has requested to get one every month, or if they are overdue on their account, don't bother sending these. It uses up paper and postage, and most of the time they end up in the trash anyway. It seems a little silly to me to take the time and trouble to send out a statement saying your customer is paid up on their account. If they are overdue, it is another matter, and probably worth sending out. Do away with third-party contractors. You have employees, make use of them! I'm not talking about unpaid labor here, or unpaid overtime, or unpaid anything. However, things like paying a company to come and pick up your aluminum cans for recycling can be done away with. Just put the word around that if any of your employees want to take them away to recycle them, they can. Someone will be willing to take a few minutes every day or week to pick them up and get the money for recycling them themselves. You save money on paying someone to do it, and the employee makes a little extra money every week from selling them as scrap. Everyone is happy. Just make sure any arrangement like this is mutually beneficial to you and the employees. People who are expected to work for nothing are generally not very happy. These are just a few ideas. Depending on the size and nature of your business you may have other ideas, or these may work for you. Be creative and think outside the box. Trimming expenses without cutting jobs can be the difference between failure and success in a shaky economy. |
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