Financial planning: income and expenditure plan.

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Financial planning: income and expenditure plan.

 

Plan:

1. the content of the concepts of financial management, financial forecast, financial reporting;

2. specific features of accounting;

3. balance, its description and structure

You won't make a profit when starting a business. It takes time for your business to generate real income from the sale of goods or services. There are 2 rules you should keep in mind when starting your own business: working with profit and operating without funds. It is possible that you may lose money at first. Your initial investment MUST reach this period.

By this time, since your initial investment has been used up, your profits must exceed the costs of your business, or you will lose everything. To prevent this from happening, you need to make a detailed plan for your profit and cash flow. You need to control sales, spending, and cash flows. The point is that everything fits EXACTLY according to your plan. If Not Compliant, Adequate Decisions Should Be Taken.

To take control of your financial situation, you MUST take the following steps.

1. Making a plan of income and expenses.

2. Creating a cash flow plan.

3. Compare these plans with Burn Records.

Income and expenditure plan

Income and expenses plan is the plan of income and expenses that you plan for a month.

Plan your expenses a little higher and your income a little lower. This will prevent your business from failing if things don't go well at the start. Do not rely on your assumptions and suspicions. Interview suppliers and people involved in activities similar to your business. Find and use whatever information you can to plan.

1. First, make an indirect cost forecast. Indirect costs are costs other than the direct costs of running a business. For example, the costs of employing your employees or the costs of utilities are indirect costs that are not directly related to the provision of your goods or services.

The list of indirect costs includes transportation, rent, insurance, taxes, licenses, permits, registration costs, etc.

You should make a list of the indirect costs of running your business and make a monthly forecast for each indirect cost.

By adding them together, you determine the total amount. This should be done every month.

Please separate the tax for the additional price with a separate point. It is paid according to the invoice for the goods that have arrived.

Labor cost calculation form for manufacturing and service enterprises 1 2 3 4 5 6 7 8 9 Employee Worker andKtining simple moon fund, soat AyliK ish Yes, catfish Allocations. Monthly salary with benefits Time spent on production in a month, hours Monthly salary for the production of cocktails, sum Unoccupied time in a month in production, hours The amount of unoccupied time in a month in production Single Social Security (24%) EleKtriK 160 100000 24000 124000 160 124000 SantechniK 160 100000 24000 124000 160 124000 Janitor 160 100000 24000 124000 160 124000 Mebel repair master 160 100000 24000 124000 160 124000 Small repair master 160 80000 19200 99200 160 99200 TechniKani repair master 160 100000 24000 124000 160 124000 All: 960 719200 Production of cocktails

2. Now you need to predict the cost per material unit, that is, for all goods and services. Direct material costs are the costs you directly use for raw materials for the goods or services you are producing.

3. Direct labor costs are the wages you pay for production or service personnel.

4. Create a monthly sales report for the first year of your business. Your income comes directly from sales, so aim for higher sales volumes. Your forecast should include calculations that determine how many goods or services you can sell in a month.

5. Increase the price of the product or service that you intend to sell each month. We calculate the total amount of sales volume for a month, using the information obtained for all products or services. Calculate the value added tax on the goods or services sold with a separate amount.

6. Calculate the amount of direct expenses for each month in the first year of your business. Multiply the amount obtained as a result of the forecast of direct costs of materials by the number of products or services intended to be sold each month. Add up the totals for all products or services, and you'll get a total of the materials cost for each month. Enter VAT on a separate line.

7. Do the same for calculating direct costs for each month of the first year.

8. By adding up the materials and direct cost amounts for each month, you can calculate the cost of your goods and services.

9. Next, calculate the difference between the forecast cost of goods sold and the cost of goods sold to determine your business's gross profit.

10. You MUST deduct indirect expenses from gross income. This event gives the income of the activity before taxation.

11. Determine the following taxes and deductions based on the materials of 10.3

12. A) Property tax

13. B) Land tax

14. C) Taxes required to be paid to the budget, VAT (Value Added Tax)

15. Calculate the difference between business income and taxes. Thus, we generate taxable income.

16. Now calculate income tax. It is calculated from the taxable income of an individual and is deducted from the wages of employees. Its rates are determined annually by the Government Decision.

17. Fill in your sales and expenses plan by calculating the sums received by performing the actions described above.

Fill in the tables below

1	2	3	4	5
Providing a product or service	Direct material costs per unit, sum	Selling price, sum	In January sell miKdori, dona	January implementation break funds

In your feasibility study, plan sales and expenses for the first year of your business.