Example of Professional Services and Fees

NOTE 9 - PROFESSIONAL SERVICES

Professional services refer to dollars spent for accounting, marketing, legal, and other services. The majority of this budget in year one will be spent on marketing services. Moreover, the company plans to allocate $2,250 each month during the two month test phase. The remaining ten months will see the Company spend $250 for professional services. In year two and three J&B will allocate $292, and $333 per month to this budget. As a result, the total yearly budget has been forecasted as follows:

  YEAR 1 YEAR 2 YEAR 3
Professional Services $7,000 $3,500 $4,000