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Budgets and templates Essay Sample

Budgets and templates Pages
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Commissions (2% sales)
60,000
15,000
15,000
15,000
15,000

Direct wages fixed
200,000
50,000
50,000
50,000
50,000

Sales
3,000,000
750,000
750,000
750,000
750,000

Cost of Goods Sold
400,000
100,000
100,000
100,000
100,000
Gross Profit
2,340,000
585,000
585,000
585,000
585,000
EXPENSES

General & Administrative Expenses

Accounting fees
20,000
5,000
5,000
5,000
5,000

Legal fees
5,000
1,250
1,250
1,250
1,250

Bank charges
600
150
150
150
150

Office supplies
5,000
1,250
1,250
1,250
1,250

Postage & printing
400
100
100
100
100

Dues & subscriptions
500
125
125
125
125

Telephone
10,000
2,500
2,500
2,500
2,500

Repairs & maintenance
50,000
12,500
12,500
12,500
12,500

Payroll tax
25,000
6,250
6,250
6,250
6,250
Marketing Expenses

Advertising
200,000
50,000
50,000
50,000
50,000
Employment Expenses

Superannuation
45,000
11,250
11,250
11,250
11,250

Wages & salaries
500,000
125,000
125,000
125,000
125,000

Staff amenities
20,000
5,000
5,000
5,000
5,000
Occupancy Costs

Electricity
40,000
10,000
10,000
10,000
10,000

Insurance
100,000
25,000
25,000
25,000
25,000

Rates
100,000
25,000
25,000
25,000
25,000

Rent
200,000
50,000
50,000
50,000
50,000

Water
30,000
7,500
7,500
7,500
7,500

Waste removal
50,000
12,500
12,500
12,500
12,500
TOTAL EXPENSES
1,401,500
350,375
350,375
350,375
350,375
NET PROFIT (BEFORE INTEREST & TAX)
938,500
234,625
234,625
234,625
234,625
Income Tax Expense (25%Net)
234,625
58,656
58,656
58,656
58,656
NET PROFIT AFTER TAX
703,875
175,969
175,969
175,969
175,969

Overhead costs may include minor direct costs when they are so insignificant that they cannot be practically treated as direct expenses. Therefore, overhead expenses are part of the total costs of maintaining and staffing a business.

Look To Cut Costs
If times are tight and money must be found somewhere in order to pay a crucial bill, advertise, or otherwise capitalize on an opportunity, consider cost cutting.

Unachievable, inaccurate or unclear areas of budget

Office supply
In given budget of company, as per my research office supply is inaccurate and unclear expense. Following some reasons that why its unclear: Many folks start out using office products with good intentions, but unclear purposes. You must define from the beginning how you will use the office products. Any of these purposes might be appropriate for your stacking trays

Advertising

Advertising is a main sourse of marketing. Every company needs adequate level of advertising. But here company planning to spend exceed money on advertising. Following are some reasons behind exceed advertising: Company already planning to spend money on postage and printing. Although company need to spend much more money on advertising but it should be in limitation. Net profit is much less than annual expenses.

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