Finding a Balance: How Much Administration Do You Need?

One of the most difficult things for a company to establish is the optimum amount of business administration. Every business must decide how much administration is necessary versus how much the company can afford. If a company does not collect enough information, money is saved in the short term but uninformed business decisions can result. On the other hand, a company can easily spend too much money on useful but nonessential information or personnel. This is particularly true of a small company following the lead of a larger company with more resources. This article provides some guidelines on what factors a company needs to consider when deciding how complex their administrative operations should be. Some of the primary areas for consideration include: the need for a financial statement, payroll operations, job costing analysis, and the need for additional administrative assistance.

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  • English

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Filing Info

  • Accession Number: 01013331
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 3 2005 11:24PM