Enter in your cash flow forecast the cost of running any business vehicles. You may, for example, decide that you need a van or large car for collecting supplies, going on buying trips and so on. (Don't include 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
Travel expenses include all the other expenses incurred on business travel that is not made by car. These might include:
- public transport
- hotel expenses
For example you might travel by train to an auction 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.