On Wed, Feb 9, 2011 at 2:02 PM, Kelly Martin kelly@bicyclekitchen.comwrote:
I can see what you're saying about breaking it down. It is a very simple, non-timeconsuming setup as is.
Non-capital: Maybe separate it into tools and parts?
Capital refers to costs relating to accumulated assets. These are fixed, "one-time", long-term purchases that we need before we can offer our services. e.g. Tools, repair stands, shelving, computers, etc.--the things you buy and keep, and aren't consumed or sold.
When Godwin says non-capital repair products, I believe he's referring to the parts that we consume in the course of our operations as well as our cost for the products we sell (COGS).
(Rent, utilities, and other ongoing costs are also non-capital costs, aka operating costs, though obviously these aren't counted as repair products.)
Hope that clarifies things a bit.
Chris Chan President Edmonton Bicycle Commuters' Society http://edmontonbikes.ca