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Common Monthly Expenses Needed to Run A Business

June 12, 2018 2702 views

Common Monthly Business Bills and Expenses

  • Rent or lease payments
  • Loan payments and interest
  • Wages
  • Payroll taxes
  • Employee benefits
  • Landline
  • Cell phones
  • Internet access
  • Electricity
  • Natural gas
  • Water, sewer, and trash pickup
  • Municipal taxes
  • Property taxes
  • Office supplies
  • Sales tax
  • Marketing and advertising
  • Website hosting and maintenance
  • Maintenance and repairs
  • Vehicle expenses
  • Bookkeeping fees
  • Professional fees such as lawyers and Consultants
  • Insurance: property, casualty, liability, interruption, disability, malpractice
  • Fuel
  • Inventory
  • Petty cash
  • Shipping and delivery expenses
  • Capital expenses
  • Miscellaneous operating cost

The list can be broken down into more categories. Not all apply to every business, and other companies have additional expenses and payments. The above is a general list.

Monthly Business Expenses

It’s always a good business practice to keep a close eye on your monthly expenses. Failing to do so can let a lot of expenses go undetected.

Imagine paying $395 a month for a service that you no longer use. Imagine this going on for five years. That’s $23,700 for something that was never used because you took your eye off the expense sheet. It’s important that you as a business owner, keep an eye on all of your expenses so the above doesn’t happen to you.

Another important aspect of keeping an eye on your monthly expenses is identifying areas in which you can cut costs without sacrificing quality or productivity. This is an essential part of keeping your business moving in the right direction. A profitable, well-managed business will help you stay in business when the economy is weak.

See the articles below for more on monthly business expenses.

Business Expenses | Partially and Fully Deductible Costs

How to Calculate a Business’s Operating Monthly Expenses? | Your Business

List These Monthly Expenses in Your Budget – NerdWallet

10 Hidden Costs of Running a Small Business

Budgeting Tips

In this section, you’ll find a collection of resources to help you create and use a budget. With so many monthly expenses, you must have a budget, so you don’t overspend. Imagine overspending by a few thousand dollars every month. In a few months, you’ll find yourself in so much debt that it will be hard to recover.

On the other hand, if you don’t invest in your business and build your bank account, you could miss out on a lot of opportunities.

When you use a budget, you can keep a close eye on what’s going on with your finances. Use the tips below to create and use a budget that can do wonders for your financial success.

Common Monthly Business Expenses to Include in a Budget

7 Budgeting Tips for Small Business Owners

10 Budgeting Tips For Your Business | Forbes

7 Successful Budgeting Tips for Small-Business Owners – The Next Scoop

Dave Ramsey’s 5 Budgeting Tips for Small-Business Owners

Six Steps To A Better Business Budget

4 Budgeting Tips for Small Business Owners – Due

Here’s What You Need To Know About The 50/20/30 Rule Budget

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