We all know that running a business means more than just finding new customers and providing goods and services. There are also a lot of logistical tasks to perform, including managing business expenses. If you don't keep control of your expenses, you could run out of money faster than expected or be unable to claim back the tax that's due on them. But with some careful planning and budgeting, it's possible to manage your small business expenses effectively without spending hours poring over receipts each month.
In this guide, we'll look at how to set up your bookkeeping system so it's easy for you to manage finances, how to avoid common mistakes when managing your business expenses, and top tips for how to manage them. By following these steps, you'll see how easy it can be.