Business Expense Tracking: Tools, Tips and Technologies

What if you could improve your small business by downloading an app?

For smaller companies, few things are as important as business expense tracking. Without such tracking, it’s hard to even know what your bottom line is, much less to make a profit.

Expense tracking is difficult to do on your own. That’s why we compiled this brief list of tools, tips, and technologies to make tracking easier than ever!

FreshBooks

FreshBooks has many expense tracking features that we love. For example, you can upload an image of a receipt or bill to store the info inside the app. This ongoing record makes it easy for you to complete taxes and other financial paperwork.

FreshBooks also helps you analyze your spending habits. At a glance, you can see where the money is going and make improvements as you see fit. Best of all, FreshBooks has different price plans, so there is one for every budget.

Mint

Mint is an expense tracking app that works well with your other apps. By integrating information this way, it provides a better overall picture of your expenses.

Our favorite feature of this app, though, is that it lets you set a firm budget for yourself. If you or your team go over budget, it instantly sends an alert. And the app provides different ideas to help you save money, and this is the key to helping your business grow.

Zoho Expense

These days, even small businesses are going global. If your business is worldwide, or you hope to take it worldwide, you should consider Zoho Expense.

This expense tracking software lets you enter expenses in different currencies, and this is perfect for a global business. And global businesses often require travel. With this app, you can easily forward receipts, track and split expenses, and calculate all of your costs down to the last mile.

Expensify

Do you hate expense tracking because it is so time-consuming? In that case, you should consider using Expensify for your tracking needs.

This expense tracking software helps you scan bills and receipts with just one click. The app also keeps track of an unlimited amount of receipts. Simply being able to keep all your paperwork in one place is another way this app can save you some serious time.

If you’re on the fence about using Expensify, you can always check out the free version. This should give you a better idea of whether the software is a good fit for your business.

Get More Help With Business Expense Tracking

Now you know about the business expense tracking your company should be using. Of course, there are always limits to what an app can do for you and your business.

Here at Sterling Tax & Accounting, we specialize in bookkeeping, taxes, financial services, and more. To see why we’re the financial authority that Sarasota trusts, just contact us today!