Fixed Expenses:
Expense |
Hosting Cost |
Software Subscriptions |
Rent |
Legal |
Office Expenses |
To learn how to add these expenses check out our help article: Adding, Editing, and Deleting Expenses
Or learn more about creating your start-up budget here: https://finmark.com/startup-budget/
Variable Expenses:
Expense | Budget |
Shipping Costs | $4.99 - $10.99 per order |
Marketing Budget | As a percent of revenue |
Payment Processing Fees | Approx. 2% of revenue |
Shipping Costs
After forecasting your Number of Orders, you can then begin forecasting your shipping costs.
Step 1: How much does it cost to ship each order?
Shipping Costs: Cost to ship orders.
Step 2: Go to expenses, click +Add Expense and enter the following details:
This will tie your shipping costs to your number of forecasted orders on a monthly basis.
Marketing Budget:
Example A: Fixed Amount with Monthly Growth
Step 1: Create a new variable:
For this example, our marketing budget started at $1,500 and grew by 20% each month.
Enter the starting budget for marketing. In the next month enter the following formula:
fx = Custom.MarketingBudget[-1]*(1.20)
Step 2: Go to Expenses, click +Add New Expense:
Example B: As a Percent of Revenue
Step 1: Go to Expenses, Click +Add Expense and enter the following details:
Payment Processing Fees
Step 1: Go to Expenses, Click +Add Expense and enter the following details:
