Business Planning - Expenses Forecast
Let's carry on the Bookkeeping Master's Business Planning Series. In the next set of videos the Bookkeeping Master will show you have to create an expenses forecast using Microsoft Excel. Unlike the sales forecast, we don't have too guess as much when it comes to expenses. Through research you should be able to estimate your business expenses. These expenses should cover everything from rent, rates, wages, stationary, computer costs and other expenses. They should also correlate with the sales forecast, for some businesses, expenses will rise as sales increase.
If you haven't already, please read and watch Business Planning 101 - Sales Forecast.