Industry sector: Retail and wholesale

Record shop: General expenses

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

  • packaging, such as carrier bags
  • computer supplies
  • external contract cleaners
  • window cleaner (some retail premises have their windows cleaned daily, others once or twice a week)
  • subscription to a trade journal

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.