Issue link: https://docs.hic.us/i/403552
Rent/Mortgage - Real estate only. Telephone – This would include local charges, long distance charges, and cell phone as well. Utilities - Water, heat, light and/or power Insurance – Include coverage on business property and products (fire, liability) also worker's compensation, fidelity, etc. Do not include health, life, etc if these were included under Payroll Expense. Taxes - Include inventory tax, sales tax, excise tax, etc. Do not include payroll taxes if they were included under Payroll Expense. Loan Payments - Include payment on all loans, including vehicle and equipment purchases on time payment. Do not include mortgage if it was included in Rent/Mortgage. Interest - Remember to add interest on a loan as it is injected. However, in many cases interest is not a separate charge and is already included in loan repayments. Do not include it here, unless it has not been included elsewhere. Reserve/Escrow - Example: insurance, tax or equipment escrow to reduce impact of large periodic payments. Owner's Withdrawals - Should include payment for such things as owner's income tax, social security, health insurance, executive life insurance premiums, etc., as well as salary, unless salary was covered under a different category. Other Start-up Costs - Expenses incurred prior to first month projections and paid for after start-up. Other Expenses – Identify and list as needed. Cash Position (end of month) – This is the amount of cash on hand at the end of the month after all cash receipts have been received and all expenditures paid. This amount also serves as the initial Cash On Hand for the following month. NOTE: This could be a negative amount of money. www.hsi.us care@hsi.us 105