stay on their policy. If COBRA is an option for you, try to arrange that. This is a very costly expense so do your homework carefully.

Bank fees are a expense that many people don't even think about. You should realize though that banks charge a fee to open a account and the monthly fees are typically higher than for personal accounts.

A related expense is the fees charged by the credit card companies. These add up to huge expenses as they typically charge at least two or three percent on each transaction. And many small-business owners absolutely love American Express, which usually charges even higher percentage fees.

Another large expense item is professional fees. These are the fees you pay to your accountant and/or attorney to advise you on different stages of your as well as other benefits.

Other common expenses in the administrative category include:
Travel and Entertainment
Office Supplies
Vehicle Expense

The Bottom Line on Business Expenses

You need to understand and research every expense when you begin the process of budgeting. The expenses related to administration often get overlooked as they are not the obvious sales related expenses. This expense category accounts for a large portion of your overall expenses so it is worth examining closely.

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