The DOs and DON'Ts of Keeping Your Office Expenses Down

The Do's
1.
Set up a separate bank account for your business so that you can track expenses. Also, if you plan to use a credit card for regular business transactions, open a separate credit card account for the business.

2.
Employ smart business services like Managed Print Service (MPS) to help keep your office costs to a minimum.  This may require an initial investment; however, the consequent growth and savings will more than make up for it.

The Don’ts
1.
Do not ignore tax-reporting responsibilities until you "get around to it." There is convenient document management software available to help you meet deadlines.

2.
Do not neglect to create an accurate record of revenues received by cashing revenue checks and depositing only some of the money, while not recording the total amount of the revenue received. If you don't like writing information down, you can always keep a photocopy of revenue checks. 

 
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