Every month you are likely to spend some money on different goods and services for your business. These might include:
- computer supplies
- external contract cleaners
- window cleaner
- subscription to a trade journal
- repairs and maintenance
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.
Income: Amusement Arcade
Expenditure: Amusement Arcade
- Payments to creditors
- Cash purchases
- Licences
- Wages
- Drawings
- PAYE
- VAT
- Tax
- Rent
- Rates/Water rates
- Heat and light
- Telecommunications
- Postage, stationery, advertising
- Motor and travel expenses
- Professional fees
- Insurance
- General expenses
- Bank/finance charges/interest
- Leasing payments
- Capital expenditure
- Other payments