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"...This is an excellent program. I'm so glad that I stumbled on to this when researching for task management programs. Very low learning curv, quite flexible, and the price is right. Tried at least 20 other programs, either too complicated, too expensive, or poor documentation..."
Chad Lindsey -
Honolulu, HI

Monthly Expenses Checklist

 

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Monthly Expenses Checklist Monthly Expenses Checklist is a list which includes the major categories of expenses to be paid regularly by a business owner to keep his company afloat. With a help of this checklist you can learn and track (cross out) expense items which you pay out monthly.


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Monthly Expenses Checklist:

  • Taxes: different kinds of obligatory deductions which are to be paid to your government or local community from income that your business activity brings, paying for business license, ecology fees, different options of employment taxation, social needs, etc. Amounts that you need to pay as taxes depend on many factors, including your local laws, policy, status of your business, etc;
  • Fees for performing advertising services: this kind of expenses includes all recurrent payments that your company is liable to the media agents for advertisement media space and time they provide, or for hiring an advertising agency which renders a complex ad package to you;
  • Raw materials to supply the manufacturing processes: if your company is involved into tangible production, then you need to allocate monthly expenses for acquiring regular supplies and raw materials necessary to satisfy the demand for your products;
  • Renting or leasing your business assets: paying rent for your office space, productive premises, equipment and vehicles, paying for license or franchise, or anything suitable to your situation;
  • Repairs and maintenance: anything you spend to keep your business assets going and workable, including emergency repairs and regular costs of continuous service;
  • Utilities: monthly spending for electricity, service water, Internet, etc;
  • Depreciating business assets: a tax-deductible passive element of your expenses is depreciation of your business assets – updating the market cost of your assets along with their wear and tear;
  • Services outsourced: regular payments for services that are out of your staff – for example legal, accounting or IT services. Many of functions that you business needs to conduct can be covered by external part-time professionals – it is often more profitable than employing regular workers;
  • Employee payrolls: the costs incurred to your organization by a need to employ individuals who require compensations for their work, social benefits and other expenses which are defined by your local employment laws and corporate policy;
  • Catering: if you provide some catering options to your employees, then this should be included into list of your monthly expenses;
  • Donations: in some conditions business can reduce tax burden by regular donating to charitable organizations which take care of different social problems. Receipts for all donations should be accurately collected and submitted to your tax office;
  • Travel and communications: according to special needs of your business you may compensate for transportation and business travelling of your employees (tickets, cost of fuel, lodging, etc) and also for business communications (mobile phones or other communicational services). 
  • Insurance: insurance policy that covers your business, assets...


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