Enter in your cash flow forecast the cost of running any business vehicles. Don't include here the cost of the vehicle itself - include that under 'Capital expenditure'.
Running costs include:
- the cost of fuel used for business purposes
- servicing and repairs
- replacement tyres, exhausts and so on
- road tax
- any congestion charges and tolls incurred by the business
You may find that your motoring expenses are quite high if you travel around the country to acquire new stock.
Travel expenses include all the other expenses incurred on business travel which is not made by car or van. These might include:
- public transport
- overseas business travel, including air and ferry tickets
- hotel expenses
For example, you might travel overseas on business to source particular salvage items and arrange their shipment back to the UK.
Some of these costs, such as motor fuel, you'll incur every month. Others, such as road tax, you can pay annually, every six months, or in monthly instalments (by direct debit). Enter your estimate of motor and travel expenses in the months when you expect to pay them.