Industry sector: Consumer services

Furniture restorer: Cash purchases

'Cash purchases' means any payments you make to suppliers with whom you do not have an account. As you don't have an account, you will have to pay for the goods at the time when you buy them.

Examples of the types of supplier from whom you might make Cash purchases include:

  • suppliers of architectural antiques and reclaimed wood (the Salvo website includes a large directory of suppliers). You might buy some stock from exhibitors at an architectural salvage fair
  • specialist suppliers from whom you make infrequent purchases. Many of these sell goods through their websites or through eBay
  • members of the public or antique and bric-a-brac dealers from whom you purchase old furniture for breaking
  • DIY and hardware shops where you make occasional purchases of supplies like wire wool

Cash purchases only include items that you buy for use in restoration work or resale. They don't include things like tea and coffee bought for use at work, or items such as business stationery. Don't include things like this here. They're covered elsewhere in the cash flow.

Remember to keep safely any invoices and receipts for Cash purchases, even if the amounts are small.


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