January is a good time for small businesses to find ways to be more frugal in the workplace. Offers.com, an online coupon and deal source, recently developed a Small Business Savings Center (offers.com/small-business) that offers tips on how your small business can make and save money.
1. Save on travel: Use airline business rewards credit cards to earn miles by making purchases. Take advantage of coupons and online coupon codes for travel expenses whenever possible. Also, websites such as GoToMeeting.com allow businesses to collaborate without having to travel.
2. Use online services: Try accounting software to keep track of income and expenses.
3. Use mobile transaction services: Turn your tablet and smartphone into a credit card reader by downloading a payment app. Some payment apps also download transactions directly into online bookkeeping software.
4. Buy quality products: Purchase high-quality items, including furniture and equipment, to avoid frequent replacement from wear and tear.