Many Laser Printers are now also able to Duplex. This means that they can print on both sides of the page. This alone can save you a lot of paper. If you combine this with the previous idea you can reduce a 100-page report to 36 pages. This not only saves paper, but filing space as well, which can yield some cost benefits in itself.
Accounting Systems provide traditional methods for saving companies money by effectively managing Inventory and Accounts Receivable. Used effectively, Inventory can be kept at reasonable levels and be purchased at the most economical price points. Accounts Receivable patterns can help determine possible failures before they happen and avoid bad debts. Even Accounts Payable, by using the terms offered by the supplier and taking all discounts, can make sure that corporate cash flow is optimised.
Conventional mail is both much slower and significantly more expensive than e-mail. Therefore, whenever possible, e-mail documents to customers and suppliers. Many prefer to receive invoices and purchase orders by e-mail and that preference is likely to grow over time.
Direct Deposit and Electronic Funds Transfer can also save money when compared to the cost of printing, mailing and reconciling paper cheques.
Computers can also be used at home to save money. The most common example of this is Computerized Banking. When banking or paying bills on-line, you save money in different ways. You save on postage. You save by not having to drive to the bank. You save by paying bills in advance with a specified deposit date to ensure you keep your money as long as possible and avoid any accidental late payment fees.
For anyone with kids in university and more bills than assets, it also often pays to close out your conventional bank account and simply deposit your pay directly into your Line Of Credit. All bills can be paid from the Line Of Credit without fees. With every cent you have being applied to your debt the interest payable is minimized. Most conventional accounts pay little interest and often hit you up for significant monthly charges.