Enter in your cash flow forecast the cost of running any business vehicles such as minibuses. Don't include here the cost of the vehicle itself - you will 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
Travel expenses include all the other expenses incurred on business travel which is not made by car or van. These might include:
- public transport
- hotel expenses
For example, you might travel by train to a training seminar or trade association meeting and stay overnight.
Some of these costs, such as fuel, you will 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.