If you are running small business then you need manage your financial expenses by separating all categories. You business needs a full well order records of all expenses of you company, make list of all expenses from salary to automobile expense, that you have to pay with your business money. You can make record for day to day expenses to pay them on the time to avoid fine. Here is a list of some expenses that are common in all small business.
Subscribe Membership & News
In a business run every business needs updates for business trends and latest news. Business need newsletters, magazine subscription to get business and market reviews. Some office need to pay Dish monthly or yearly expenses , because they use this service to watch news and business channels to check the current updates related to their business. Some online services provides free reading or informative material and some provides these services with monthly or yearly packages. Add these all membership expenses into your list.
Spend For Advertisement & Marketing:
We are living in electronic media age where we need business identity for our business survival. You products need advertisement and marketing to access the market targets. Use TV commercials, bill boards and ads on newspaper and magazine to make your product popular. Hire marketing team to give you suggestion and all market activates reports by their expert eyelooks on every aspect.
Rental and Billing Dues:
If you are running you business in rental building then you must have to pay them monthly or yearly bases. On the end of the each month you have to pay utilities for necessary services like electricity, water, gas and other services. These due payments are essential in running any business without any hurdles.
Tools and Supplies:
For your business you need to have office supplies , canteen and factory machining tools easily. As yours office needs computer, printer, furniture and other supplies to fulfill your needs.
Sometime our business needs to have business trips to conduct meeting with your clients. If your employees are going to attend any meeting then you need to bear all expenses of his travel and hostelling at the remote location. If you business is organizing any show or event for marketing or new launch of the product will be added to your expense list.
Wages & Loans:
At the end of the each month pay wages of the employees, make sure that you are paying them on the time. This is your first need to make your employee satisfied. If you have debts for paying loan for car, home or land you need to pay off at the mentioned time.
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