FTB Small Business Expense Tracker

What Is Expense Tracking and How Can It Help Your Business? Expense tracking is an important part of creating a budget for your small business. Keeping a daily record of your expenses by tracking receipts, invoices and other outgoing expenses improves the financial health of your budget. Tracking expenses can help you stay on top of your cash flow and prepare you for tax season. How Can Expense Tracking Benefit Your Business? 1) TRACKING YOUR EXPENSES MAKES YOU A BETTER MONEY MANAGER A lack of cash flow can cause your business to fail. As a business owner, staying on top of your monthly budget is crucial to your success. There is no better way to manage your budget and know where your money is going than expense tracking. Recording your expenses daily can ensure that you are financially aware all year long and not just during tax season. Knowing where your money is going and how much you’re spending can improve your spending habits. Plus, you’ll have a better idea of where you can