Industry sector:

Tool hire: General expenses

Every month you are likely to spend some money on different goods and services for your hire business. These might include:

  • trade association membership fees
  • subscription to a trade journal
  • protective clothing for staff
  • hand cleaning products
  • computer and general office supplies

Make an estimate of the amount you are likely to spend on general expenses every month.

Once your business is up and running do not forget to record what you spend on general expenses and keep receipts wherever possible.