Posts Tagged ‘Expenses’
Everything You Need to Know About Expense Reimbursement
Travel, dining, mileage, office supplies and other costs that employees incur as part of their jobs are all considered business expenses. That seems straightforward enough. What’s not so clear-cut is the process of reimbursing business expenses. If you’re in the process of establishing or revamping your company expense practices and procedures, the following is a…
Read More5 Ways to Reduce Your Company’s Legal Fees
Whether you just need help drawing up policies to help reduce liability, setting up plans for how to handle any potential litigation, or determining how your organizational structure is going to be laid out, no business can afford to ignore the legal issues that arise with running any business. The best you can do is…
Read MoreHow Not to Spend a Loan
So you realize you now have the option to obtain financing. Your credit is good, you are on steady ground, you have collateral, and you may even have been approved for a loan. How are you going to spend it? If you are already considering applying for a loan, you likely already have plans for…
Read More3 Ways to Reduce Cost of Goods Sold
The cost of the materials used to make the product or service you sell directly impacts your profit. This is easy to see, because the less you have to spend to get the product, the more money you get to keep when you sell it. It would seem to many then, that the cheaper the…
Read MoreHow to Take Charge of Your Spending Habits
Spending: Regardless of the size of your business, it is always a concern. Unfortunately, many businesses focus on spending only when income is down; too often, this is the worst possible time to be making new decisions about how you are spending your hard-earned money. One of the best ways to ensure a healthy bottom…
Read More5 Ways to Decrease Your Business’s Warranty Costs
Customer warranties can cost small manufacturers greatly because of repairs and replacements. It also puts goodwill and brand value at stake. And when handled improperly, warranties make companies lose business and revenue almost irretrievably. Manufacturers have to estimate warranty costs before incurring them and sometimes price the products accordingly. Various studies have estimated warranty costs…
Read More10 Ways to Save on Business Expenses Every Day
Keeping accurate records and careful accounting of expenses is imperative in any business. Regardless of how profitable your business is, the goal of any business is to grow and thrive. Saving money on business expenses is one of the best ways to maximize profits. However, most business owners simply don’t know where to start. Some…
Read MoreThe Home-Based Business: Basics to Consider
More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements, and attics are being transformed into the corporate headquarters of the newest entrepreneurs—home-based business people. And, with technological advances in smartphones, tablets, and iPads as well…
Read MoreHow to Enforce an Expense Policy
Mention employee expense policies, and you are often quick to receive a groan from staff. Employees, particularly ones who travel frequently, don’t enjoy being limited in where they can spend. However, creating and enforcing an expense policy is a requirement to curbing unnecessary or extravagant spending, and maintaining harmony among staff. Related Article: Should I…
Read More3 Tips for Financing Needs After the Startup Phase
