Fixed assets, depreciation, capital expenditure and your cash flow forecast

All businesses have fixed assets. They are defined as items which are not for resale and have an economic life which is greater than one year. Fixed assets are allocated to categories such as: office equipment, furniture fixtures and fittings, computers, motor vehicles, leasehold improvements, freehold land and buildings, etc. Each of these categories is […]

Treatment of salary costs in your budget balance sheet

So far when it comes to constructing the balance sheet for your budget I have showed how to include stock, trade debtors and trade creditors. These were calculated using the sales, cost of sales and expenses in the profit and loss account. One of the items included in the expenditure section of the profit and […]