Business Expenses: Manage Your Company’s Costs

As a small business owner, I know firsthand the importance of keeping a tight grip on our company’s finances. Every dollar spent matters, and that’s why managing business expenses has become a top priority for me and my team. The truth is, properly tracking and categorizing our expenses has been a game-changer, giving us the financial visibility and control we need to make strategic decisions that drive our success.

Key Takeaways

• Accurate expense tracking provides financial clarity and enables strategic decision-making
• Proper expense categorization ensures compliance with tax regulations and maximizes deductions
• Automating expense management streamlines processes and reduces the risk of fraud
• Implementing an expense policy helps establish clear guidelines and accountability
• Analyzing expense data can uncover cost-saving opportunities and optimize business operations

In this comprehensive guide, we’ll explore the ins and outs of managing business expenses, from establishing effective tracking systems to leveraging technology and tax deductions. Whether you’re a seasoned entrepreneur or just starting out, these strategies will empower you to take control of your company’s finances and drive sustainable growth.

Understanding Business Expenses

Business expenses are the ordinary and necessary costs incurred to operate a company. These can include a wide range of expenses, such as office supplies, travel costs, professional development, and more. Tracking business expenses accurately is essential for maintaining strong financial records, planning for the future, and taking advantage of tax deductions. Without a clear understanding of where money is being spent, companies lack the visibility needed to make informed decisions about budgeting, cost-cutting, and strategic priorities.

Definition of Business Expenses

According to the IRS, deductible business expenses must be “ordinary and necessary.” Ordinary expenses are those that are expected and accepted within the industry, while necessary expenses are appropriate expenditures for business operations. Understanding state-specific tax regulations is crucial, as laws and incentives can vary significantly across different locations.

Importance of Accurate Expense Tracking

Maintaining accurate records of business expenses is crucial for compliance and risk management, strategic planning and forecasting, and maximizing tax benefits. Efficient resource allocation and cost management are also enhanced by a thorough understanding of state tax laws and regulations. Advanced accounting software and automated processes can streamline expense tracking, reduce manual errors, and optimize tax savings.

“Proper categorization of expenses as ordinary or necessary is essential for accurate expense reporting and tax compliance.”

Consulting with tax professionals can also help identify all possible deductions and ensure compliance with relevant regulations. Implementing internal controls for expense approvals and maintaining detailed documentation are essential practices to mitigate the risks of errors or fraudulent claims during an IRS audit.

By staying informed about the latest tax laws and best practices for expense management, businesses can optimize their financial operations, improve profitability, and maintain a strong financial footing.

Benefits of Tracking Business Expenses

Tracking your business expenses offers numerous advantages that can significantly impact your company’s financial health and growth. By maintaining accurate financial records, you not only fulfill essential tax and audit requirements but also enhance your ability to secure financing and make informed financial decisions.

Strong Financial Records

Meticulous expense tracking ensures that your company maintains robust financial records, which are crucial for tax purposes and independent audits. Well-documented expenses can provide the necessary evidence to maximize your tax deductions, ensuring you pay the right amount and avoid any issues with the IRS.

Better Financing Opportunities

Lenders and investors often scrutinize a company’s financial standing when evaluating financing requests. By tracking your expenses diligently, you can present a clear and comprehensive picture of your business’s financial health, increasing your chances of securing the necessary funding for growth and expansion.

Financial Clarity and Planning

Expense tracking provides valuable insights into your company’s spending patterns, allowing you to analyze trends, identify cost-saving opportunities, and develop more effective budgets and financial plans. This financial clarity empowers you to make informed decisions and optimize your resources for maximum efficiency.

Tax Benefits

Thorough expense documentation can help your business take advantage of various tax deductions and credits, ultimately reducing your tax liability and increasing your profitability. This can be particularly beneficial for small businesses and startups looking to maximize their financial resources.

Fraud Identification

Tracking your business expenses can also help you detect any fraudulent activities within your organization. By closely monitoring and verifying expenses, you can identify any discrepancies or suspicious patterns, safeguarding your company’s financial integrity and bottom line.

“Accurate expense tracking is the foundation of a healthy, financially responsible business. It enables you to make informed decisions, reduce costs, and protect your company’s financial well-being.”

Best Practices for Recording Business Expenses

Meticulous recording and management of business expenses are crucial for maintaining financial health and compliance. By adopting strategic best practices, entrepreneurs can streamline their expense tracking processes and unlock valuable financial insights. Let’s explore some key recommendations to optimize your business expense management.

Open a Business Bank Account

Establishing a dedicated business bank account is a fundamental step in separating personal and professional finances. This separation ensures clear documentation of all business-related transactions, simplifying expense tracking and tax reporting.

Select the Right Accounting Software

Investing in a robust accounting software can revolutionize your expense management. These tools automate expense tracking, organize financial records, and generate insightful reports, helping you maintain a comprehensive overview of your business’s financial health.

Choose the Accounting Method

Determining the appropriate accounting method for your business is crucial. The cash method or accrual method should be selected based on the size and complexity of your operations, ensuring accurate financial reporting and tax compliance.

Manage Receipts Diligently

Maintaining meticulous records of receipts is essential for substantiating business expenses and maximizing tax deductions. Implement a system for organizing and storing both physical and digital receipts, ensuring easy access and compliance with regulations.

Connect Financial Institutions

Integrating your financial institutions with your accounting software can significantly streamline expense management. This seamless connection allows for automated data synchronization, reducing manual data entry and enhancing the accuracy of your financial records.

By embracing these best practices, entrepreneurs can establish a robust and efficient system for recording and managing business expenses, leading to enhanced financial visibility, tax optimization, and overall business success.

Establishing an Expense Policy

A well-designed business expense policy serves as a crucial framework for managing a company’s financial landscape. This policy outlines the acceptable spending practices for employees, providing a structured approach to cost control, fraud prevention, and financial transparency.

What is an Expense Policy?

An expense policy, also known as an expense management policy, is a set of guidelines that define the parameters for allowable business expenses. It establishes clear expectations, processes, and responsibilities for employees when incurring and reporting expenses.

Key Components of an Expense Policy

An effective expense policy components typically include the following key elements:

• Clearly defined expense categories, such as travel, entertainment, office supplies, and communications
• Spending limits for each expense category, ensuring budget alignment and cost control
• Required documentation, such as receipts or invoices, to support expense claims
• Approval processes, outlining the authorization required for different expense types or amounts
• Reimbursement procedures, detailing the timeline and methods for employee expense reimbursement
• Consequences for non-compliance, reinforcing the importance of policy adherence

By establishing a comprehensive business expense policy, companies can promote financial responsibility, maintain control over their finances, and enhance overall operational efficiency.

“An effective expense policy can reduce the risk of fraud and financial mismanagement by up to 25%.”

Categorizing Business Expenses

Maintaining a well-organized system for tracking business expenses is crucial for any company. By categorizing expenses into logical groups, businesses can gain valuable insights into their spending patterns and make informed decisions about cost optimization.

Common Expense Categories

While the specific expense categories may vary depending on the industry and nature of the business, some common categories include:

• Payroll and employee benefits
• Office supplies and equipment
• Travel and entertainment
• Professional services (e.g., legal, accounting, consulting)
• Marketing and advertising
• Utilities (e.g., rent, electricity, internet)
• Insurance premiums
• Subscriptions and memberships
• Vehicle expenses (e.g., fuel, maintenance, insurance)
• Business taxes and fees

Customizing Categories for Your Business

While the common expense categories provide a good starting point, businesses should also consider customizing their expense categorization to align with their unique operations and financial reporting needs. This allows for a more granular understanding of spending patterns and facilitates strategic decision-making.

For example, a software company may have additional expense categories for software development, cloud hosting, and research and development, while a construction firm may need categories for materials, subcontractors, and equipment rental. By creating a tailored expense categorization system, businesses can gain deeper insights and make more informed financial decisions.

By carefully categorizing business expense categories and customizing expense categories for your specific business, you can gain valuable insights, optimize costs, and ensure accurate financial reporting and tax compliance.

Detecting and Preventing Expense Fraud

Expense fraud poses a significant threat to businesses, with statistics revealing that it accounts for 14.5% of all exposed fraud worldwide. From fabricated expenses to double-billing and inflated costs, the various types of expense fraud can have a substantial financial impact on organizations. According to the Association of Certified Fraud Examiners’ 2024 Report to the Nations, expense reimbursement fraud occurred in 13% of nearly 2,000 cases examined globally, with the median cost of such fraud reaching $50,000 per year.

Types of Expense Fraud

The different types of expense fraud include:

• Fraudulent business expenses
• Personal expenses claimed as business expenses
• Multiple reimbursements for the same expense
• Inflated expenses
• Altered receipts
• Maverick spend (unauthorized purchases)
• Zombie spend (reimbursement for non-existent expenses)

Prevention Strategies

To effectively detect and prevent expense fraud, businesses should implement robust expense policies, conduct thorough expense reviews, and develop approval processes that hold employees accountable. The use of corporate credit cards, expense management software, and regular audits can also help mitigate the risk of fraudulent activities. According to the statistics, 20% of small businesses (with fewer than 100 employees) and 12% of larger businesses or corporations (with more than 100 employees) experience expense fraud, making it a critical issue for organizations of all sizes.

By leveraging expense management solutions and implementing a culture of transparency and accountability, businesses can protect their financial integrity and reduce the impact of expense fraud. As the median cost of expense reimbursement fraud continues to rise, proactive measures to detect and prevent such fraudulent activities are essential for maintaining a healthy financial future.

“Expense fraud is deeply embedded in business culture, making it a cultural problem within organizations.”

Addressing the root causes of expense fraud, such as financial pressure, rationalization, and workplace culture, is crucial in creating a fraud-resistant environment. By fostering a culture of trust, responsibility, and ethical behavior, businesses can empower their employees to be vigilant and report any suspicious activities, ultimately strengthening their overall expense management practices.

business expenses

In the digital age, technology is revolutionizing the way businesses manage their expenses. Automated expense management systems, powered by advanced technologies like artificial intelligence (AI) and machine learning (ML), are streamlining the entire process, from receipt capture and expense categorization to approval workflows and detailed financial reporting.

Solutions such as SAP Concur provide intuitive tools that empower companies to gain greater visibility and control over their spending. These platforms seamlessly integrate with financial institutions, enabling real-time tracking of invoices, travel expenses, and other business-related costs. By leveraging technology in expense management, organizations can enhance efficiency, reduce administrative burdens, and make more informed decisions about their finances.

Expense Management Software: Streamlining Business Expenses

Expense management software offers a suite of features that simplify the expense management process. Key benefits include:

• Automated receipt capture and expense categorization, reducing manual data entry
• Seamless integration with banking and credit card accounts for real-time expense tracking
• Intuitive approval workflows to ensure compliance with company policies
• Advanced reporting and analytics for data-driven decision-making
• Secure storage and easy access to expense-related documents and receipts

By leveraging these innovative technology in expense management solutions, businesses can enhance their financial visibility, improve expense control, and streamline their overall operations.

“Technology has transformed the way we manage business expenses, empowering companies to make more informed financial decisions and achieve greater operational efficiency.”

As the business landscape continues to evolve, the integration of advanced expense management software will play a crucial role in helping organizations stay competitive, optimize their finances, and adapt to the changing market dynamics.

Automating Expense Tracking

In today’s fast-paced business environment, automating expense tracking can be a game-changer. Automated expense management systems powered by AI and machine learning can simplify the capture and categorization of expenses, reducing the time and effort required for manual data entry. These innovative solutions can significantly improve the accuracy and consistency of expense reporting, ensuring compliance with company policies and tax regulations.

Benefits of Automated Systems

By automating the expense tracking process, businesses can unlock a host of benefits. Firstly, automated systems free up resources, allowing employees to focus on more critical business tasks that require their expertise. Additionally, real-time visibility into spending habits across the organization enables better cash flow management and informed financial decision-making based on actual and projected budgets.

1. Enhanced efficiency: Automated expense management accelerates the process of expense requests and approvals, eliminating paperwork, spreadsheets, and duplication of efforts.
2. Improved accuracy: Automated systems dramatically reduce the likelihood of errors in expense reports by eliminating manual input, leading to significant cost savings and enhanced compliance.
3. Faster reimbursements: Automated expense reporting can result in quicker reimbursements for employees, particularly for travel expenses, improving satisfaction and reducing time wasted in the reimbursement process.
4. Increased productivity: By automating the expense logging and processing tasks, employees can focus on more strategic business activities, boosting overall productivity.
5. Better visibility: Real-time tracking and reporting provided by automated systems offer enhanced visibility into organizational spending, enabling proactive cost management and informed decision-making.

When it comes to selecting the right automated expense tracking solution, businesses have a range of options, each with its own unique features and capabilities. From widely-recognized platforms like Rippling, Expensify, and Ramp to specialized solutions like Navan and Brex, the market offers a diverse array of tools to cater to the specific needs of organizations of all sizes.

By embracing automated expense tracking, businesses can streamline their financial management, enhance compliance, and make more informed decisions, ultimately driving growth and profitability.

Tax Deductions for Business Expenses

As a business owner, maximizing your tax deductions can be a game-changer. Many business expenses are tax-deductible, allowing you to reduce your taxable income and retain more of your hard-earned revenues. From office supplies and technology to professional development and business travel, eligible expenses can add up quickly.

The key is maintaining meticulous records and documentation to take advantage of these tax deductions. By understanding the IRS guidelines and staying on top of your deductible expenses, you can optimize your tax planning and improve your overall financial performance.

Here are some of the business expense tax deductions you should be aware of:

• Advertising and Promotion Costs: You can deduct 100% of your advertising and promotional expenses, including design services, printing materials, online and print media, social media campaigns, and event sponsorships.
• Business Insurance Premiums: Premiums for property, liability, health, professional liability, workers’ compensation, auto, and business interruption insurance are all deductible.
• Business Vehicle Expenses: You can deduct the actual expenses or use the standard mileage rate, which is $0.655 per mile for 2023.
• Contract Labor Fees: Payments made to freelancers or independent contractors are deductible business expenses.
• Depreciation and Section 179 Deductions: You can deduct the cost of business assets over their useful life or take advantage of immediate expensing through the Section 179 deduction.
• Education and Professional Development: Costs for courses, training, and other educational activities that enhance your business expertise are fully deductible.

By understanding and maximizing these business expense tax deductions, you can significantly reduce your tax burden and keep more of your profits to reinvest in your business.

Remote Work and Business Expenses

The rise of remote work has brought about new considerations for managing business expenses. Employees working from home may be eligible for deductions related to their home office setup, including a portion of utility costs and other relevant expenses. Companies must also review their expense policies to address the unique needs of remote employees, such as reimbursing for internet, communication tools, and ergonomic equipment.

Home Office Deductions

Only self-employed individuals can claim eligible deductions for business expenses following the 2018 tax reform. The Internal Revenue Service (IRS) has strict guidelines on who can claim deductions and what expenses are deductible for remote workers. Self-employed workers can deduct up to $1,050,000 for qualified business equipment, including computers, printers, office furniture, and supplies. In 2022, the standard mileage rate for business miles traveled has increased from 58.5 cents per mile to 62.5 cents per mile.

Remote Employee Expense Policies

Independent contractors or self-employed workers who work from home can claim the home office deduction, but remote employees who receive a salary or hourly wage typically cannot. Employees in special circumstances like state or local government officials, educators, and individuals with disabilities might be exceptions. The amount of deduction for home office expenses depends on the size of the workspace compared to the home as a whole.

Several companies have faced lawsuits from employees regarding unpaid remote work expenses. Federal law does not mandate reimbursement for work expenses, but the Fair Labor Standards Act requires reimbursement if expenses cause employees’ earnings to fall below the federal minimum wage. Some states have laws on reimbursing employees for necessary work-related expenses, and organizations are encouraged to have a written expense reimbursement policy outlining eligible expenses.

By adapting their expense management practices to the remote work environment, businesses can support their employees while maintaining financial control and compliance. This includes understanding the tax implications, implementing clear expense policies, and providing the necessary resources for remote workers to be productive and successful.

Expense Management Best Practices

Effective expense management is crucial for maintaining a company’s financial health and achieving its strategic goals. To optimize your expense management processes, consider implementing the following best practices:

Regular Expense Reviews

Conducting regular reviews of your company’s expenses is essential to identify cost-saving opportunities and ensure alignment with budgets and financial objectives. By closely monitoring spending patterns, you can detect any areas of overspending or unnecessary expenses, and make informed decisions to optimize your company’s costs.

Employee Training and Compliance

Providing comprehensive training to your employees on expense policies and procedures can help promote compliance, reduce the risk of errors or fraud, and foster a culture of financial responsibility. Ensure that your employees understand the approved expense categories, reimbursement guidelines, and the importance of submitting accurate and timely expense reports.

• Require pre-approvals to reduce overspending
• Ensure timely expense submissions within 30 days
• Utilize corporate card programs to streamline expense management
• Automate policy enforcement with a rules engine
• Clearly document the expense approval process
• Regularly audit expense reports to identify issues

By implementing these expense management best practices, you can optimize your company’s spending, enhance financial controls, and maintain a strong financial position.

Remember, effective expense management is an ongoing process that requires diligence, regular review, and continuous improvement. By staying vigilant and proactive, you can ensure that your company’s resources are being used efficiently and aligned with your overall business goals.

Cost Optimization Strategies

In the ever-evolving business landscape, cost optimization has become a critical strategy for companies seeking to enhance their financial performance. By identifying cost-saving opportunities and negotiating effectively with vendors and suppliers, organizations can redirect resources towards more strategic investments and unlock new avenues for growth.

Identifying Cost-Saving Opportunities

The first step in cost optimization is to thoroughly analyze your company’s expense data. By closely examining your spending patterns, you can pinpoint areas where you can reduce costs without compromising the quality of your products or services. This may involve exploring alternative service providers, streamlining inefficient processes, or renegotiating contracts with current vendors and suppliers.

CFO Gabriela emphasizes the importance of balancing cost optimization with growth, highlighting that maximizing profit solely through cost-cutting is not a sustainable strategy. She advises businesses to thoroughly evaluate the reasons for cutting costs, whether it is to weather a storm or to compete on pricing.

Negotiating with Vendors and Suppliers

Engaging in active negotiations with current and prospective vendors and suppliers can lead to more favorable terms, discounts, and cost reductions. By leveraging your business relationship and highlighting the value you bring to the table, you can often secure better pricing or more favorable contract terms. This can include negotiating for volume discounts, extended payment terms, or exclusive deals.

Gabriela stresses the significance of not making across-the-board cuts and instead, recommends investigating each expense for short- and long-term utility. She advises against making “halfway” cost cuts, as partial reductions may lead to severe impacts on future profitability, particularly when it comes to staff reductions.

By implementing these cost optimization strategies, businesses can enhance their financial resilience, improve their competitive position, and unlock resources for future growth and development. Through a combination of data-driven decision-making and strategic vendor negotiations, companies can navigate the challenges of the current economic landscape and position themselves for long-term success.

Reporting and Analytics for Business Expenses

Effective expense management requires robust reporting and analytics capabilities. By defining key performance indicators (KPIs) that align with the company’s financial goals, businesses can measure the success of their expense reporting strategies and identify areas for improvement. Expense reporting tools and dashboards provide visibility into spending trends, budget variances, and cost-saving opportunities. These expense analytics enable leaders to make data-driven decisions, optimize resource allocation, and ensure the company’s financial health and sustainability.

Key Performance Indicators (KPIs)

Tracking the right expense KPIs is crucial for understanding the impact of expense management initiatives. Common expense-related KPIs include:

• Expense ratio: Calculated as (total expenses / total revenue) x 100, this metric indicates the efficiency of resource utilization.
• Cost-per-unit: Determined by dividing total production costs by the number of units produced, this KPI helps identify opportunities for cost optimization.
• Budget variance: Comparing actual expenses to budgeted amounts reveals areas where costs are deviating from projections.

Expense Reporting and Dashboards

Sophisticated expense reporting and analytics tools provide a comprehensive view of a company’s spending patterns. These dashboards offer real-time insights into:

1. Detailed expense breakdowns by categories, departments, or projects
2. Trends and anomalies in spending over time
3. Compliance with expense policies and flagging of policy violations
4. Budget tracking and projections to identify potential cash flow issues

By leveraging these powerful reporting capabilities, businesses can make informed decisions, optimize costs, and ensure the financial sustainability of their operations.

Conclusion

Effectively managing business expenses is crucial for companies of all sizes to maintain financial control, optimize their operations, and drive strategic growth. By implementing best practices for expense tracking, categorization, fraud prevention, and cost optimization, businesses can gain greater visibility into their spending, take advantage of tax deductions, and make informed decisions about their financial priorities. Leveraging technology and automation can further streamline the expense management process, freeing up resources and enabling leaders to focus on core business objectives.

By prioritizing effective expense management, companies can enhance their financial performance, improve their competitive position, and position themselves for long-term success. Staying informed about IRS guidelines, consulting with tax professionals, and separating business and personal finances are key strategies for accurately tracking deductible and nondeductible expenses. With a robust expense management system in place, businesses can optimize their operations, reduce unnecessary costs, and reinvest resources into initiatives that drive growth and innovation.

Ultimately, effective expense management is not just about cutting costs, but about making informed, strategic decisions that align with the company’s overall financial goals and position it for sustained success in the market. By embracing best practices and leveraging the right tools and technologies, businesses can gain a competitive edge and navigate the complex landscape of business expenses with confidence.

Source Links

• How to Keep Track of Business Expenses Effectively – https://www.concur.com/blog/article/how-to-keep-track-business-expenses-effectively
• Understanding Business Expenses and Which Are Tax Deductible – https://www.investopedia.com/terms/b/businessexpenses.asp
• A comprehensive guide to business expense categories: Everything you need to know – https://www.sage.com/en-us/blog/business-expense-categories-guide/
• Essential business expense categories for startups – https://www.brex.com/journal/business-expense-categories
• How to Easily Track Business Expenses in 7 Steps – https://ramp.com/blog/how-to-track-business-expenses
• Guide to business expense resources – https://www.irs.gov/forms-pubs/guide-to-business-expense-resources
• Managing expenses can be a chore—these 5 apps for small business owners makes it a little easier – https://www.cnbc.com/select/best-expense-trackers-for-small-business-owners/
• How To Keep Track Of Business Expenses (2024 Guide) – https://www.forbes.com/advisor/business/how-track-business-expenses/
• How to Keep Track of Business Expenses in 8 Steps (2024 Guide) – https://www.freshbooks.com/hub/expenses/keeping-track-of-business-expenses?srsltid=AfmBOopnJqBlNPN0ev_zL5Kz13sycWbWqBdpdUoXrEnOtpBKNfpa6YrF
• Expense Policy: Items to Include & Examples | Rippling – https://www.rippling.com/blog/expense-policy
• Company expense policy: A guide for modern businesses | Spendesk – https://www.spendesk.com/blog/expense-policy-guide/
• How to Build an Expense Policy – https://www.rho.co/blog/build-an-expense-policy
• How to Categorize Your Business Expenses | Square – https://squareup.com/us/en/the-bottom-line/managing-your-finances/how-to-categorize-business-expenses
• How to categorize business expenses – https://www.bill.com/blog/categorize-business-expenses
• How To Spot, Stop, And Block Business Expense Fraud | Payhawk – https://payhawk.com/en-us/blog/business-expense-fraud-guide
• Expense Fraud: How to Detect and Prevent It – https://ramp.com/blog/what-is-expense-fraud
• FTB Publication 984 | FTB.ca.gov – https://www.ftb.ca.gov/forms/misc/984.html
• 22 small business expenses | QuickBooks – https://quickbooks.intuit.com/accounting/small-business-expenses/
• 5 Steps to Automate Expense Reporting and Approvals – https://ramp.com/blog/automated-expense-reporting
• Top 8 Small Business Expense Tracking Tools | Rippling – https://www.rippling.com/blog/small-business-expense-tracking
• Business Expense & Receipt Tracking Software | QuickBooks – https://quickbooks.intuit.com/accounting/track-expenses/
• 17 Big Tax Deductions (Write Offs) for Businesses | Bench Accounting – https://www.bench.co/blog/tax-tips/small-business-tax-deductions
• Taking Business Tax Deductions – https://turbotax.intuit.com/tax-tips/small-business-taxes/taking-business-tax-deductions/L5RueYPVS
• 25 Small Business Tax Deductions (2025) – https://www.freshbooks.com/hub/expenses/tax-deductions-small-business?srsltid=AfmBOooJjTTWJrHJxWLB2dbUp-A-jGG4JLRknQjZ9wryvhAF-ZKD0LVp
• Tax Deductions for Remote Workers – https://remote.com/blog/remote-work-tax-deduction-expenses
• Remote employee reimbursement rules by state – https://www.peoplekeep.com/blog/remote-employee-reimbursement-rules-by-state
• Working remotely? Here are 4 things to pay attention to this tax season – https://www.cnbc.com/select/remote-work-tax-tips/
• Chrome River Whitepaper – 10 Expense Management Best Practices – https://info.emburse.com/rs/496-CPG-762/images/Chrome-River-White-Paper-10-Expense-Management-Best-Practices.pdf
• 6 Best Expense Management Practices for Your Business – https://tipalti.com/resources/learn/expense-management-best-practices/
• Cost Optimization Strategies That Won’t Hurt Business Growth – https://paro.ai/blog/cost-optimization-strategies/
• 12 Simple & Effective Strategies For Business Cost Optimization – https://www.timechamp.io/blogs/12-simple-effective-strategies-for-business-cost-optimization/
• Expense Analysis: How to Analyze Your Business Expenses Effectively – https://www.fylehq.com/blog/expense-analysis
• How To Track Business Expenses in 6 Easy Steps – https://www.oracle.com/erp/track-business-expenses/
• Expense management software 101 for businesses | Stripe – https://stripe.com/resources/more/expense-management-software-101-a-guide-for-businesses
• 13 Non Deductible Business Expenses – https://www.indinero.com/blog/nondeductible-business-expenses/
• Calculation of Value or a Conclusion of Value? | Kirsch CPA Firm Cincinnati – https://kirschcpa.com/accounting-services-blog/whats-the-difference-between-a-calculation-of-value-and-a-conclusion-of-value/
• Expense Report: What It Is and Why It Is Important? – https://www.freshbooks.com/hub/reports/an-expense-report?srsltid=AfmBOoq8S_E7TSWH0XZ9jAbWHA-IvInbecNlZ8liR5Beyqhvj_BZkxs5