Administration Expenses (4 of 6): Cutting Supply & Telephone Costs - John M. Leask II CPA/ABV, CVA

Administration Expenses:

Part 4 of a 6 part series

Warning Signs:

    • Increased administrative expenses.
    • Increased overhead expenses.
    • Significant adverse deviations from budget.

  • Significant increase in a particular line item’s cost.

Steps to Improve: CUTTING SUPPLY & TELEPHONE COSTS

  • Office Expense: Cut personal use of phones, copiers and postage.
  • Office Supplies: Shop around.
  • Office Supplies: Choose the right vendor.
  • Office Supplies: Comparison shop supply prices.
  • Office Supplies: Obtain the lowest price.
  • Office Supplies: Slash your paper costs.
  • Supplies: Lock the supply closet.
  • Supplies: Control access to inventory and use.
  • Telephone: Limit personal calls; reduce long distance; reduce charges.
  • Telephone: Use long distance resellers.
  • Telephone: Fax – don’t call.
  • Telephone: Use fax machine to speed collections and trim expenses.
  • Telephone: Use Internet e-mail; don’t call or fax.
  • Telephone: Monitor unusual long distance patterns.
  • Telephone: Monitor monthly phone charges.

Back to The Business Doctor

>>Administration Expenses (1 of 6): Cutting Administration Expenses
>>Administration Expenses (2 of 6): Cutting Insurance Costs
>>Administration Expenses (3 of 6): Cutting Interest Charges & Legal Expenses
>>Administration Expenses (4 of 6): Cutting Supply & Telephone Costs
>>Administration Expenses (5 of 6): Printing, Rent & Misc. Costs
>>Administration Expenses (6 of 6): Training & Utility Costs