Home

About Us

IT Services

Electronic Security

Knowledge Center

Blog

Contact Us

Blog
  • Register

Prosper Solutions Blog

Your Technology Expenses Aren’t All the Same

Your Technology Expenses Aren’t All the Same

When budgeting capital for your company’s technology, it isn’t always simple to know how much to allocate. In fact, a lot of times it can be a convoluted and troublesome experience. Our consultants spend quite a bit of time and effort working out workable budgets for our clients and today, we thought we would talk about how we come about our figures to comprehensively support a business’ technology.

Our typical roadmap splits IT expenses into two categories: operational expenses and projects.

Operational Expenses

A business’ operational, or ongoing, expenses typically include those that they have paid every month to keep the business running. This includes hardware and software costs, utilities, payroll and other fixed recurring expenses. If you want to get a handle on it we recommend that you audit these expenses quarterly so that you can keep track of what you are spending, and not wasting capital on antiquated expenses. 

Project Expenses

A business’ projects are typically short bursts of capital outlay to remedy a problem or improve your business’ offering. In fact, anything that isn’t a recurring operational expense is probably such a cost. This happens when you need to outlay capital for hardware (physical or in the cloud), software, and expenses that aren’t regular to your business.

In general, the more operating expenses you have for your business’ IT resources, the more predictable and manageable your technology expenses will be. If you are spending a lot of capital on projects with the notion that they will somehow turn into operational costs, you are probably clutching at straws. 

The IT professionals at Prosper Solutions can break down all types of technology spending, making it clear what costs are mandatory and which ones are actually optional. The better you understand your technology spending, the easier it will be to make decisions about technology and how it fits into your business’ long-term goals. 

If you want to learn more about tightening up your technology budget for 2022, give us a call today at (617) 369-9977.

Cybersecurity Will Get More Dicey in 2022
5 Most Dangerous Strains of Ransomware, Based on H...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, January 24, 2022

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://www.prospersolutions.com/

Mobile? Grab this Article!

QR-Code dieser Seite

Latest News & Events

Prosper Solutions is proud to announce the launch of our new website at http://www.prospersolutions.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our ser...

Contact Us

Learn more about what Prosper Solutions can do for your business.

Call Us Today
Call us today
(617) 369-9977

999 Broadway, Suite 304
Saugus, Massachusetts 01906