Use a cloud-based accounting softwareĪccounting systems allow you to keep tabs on your spending – they categorize all your transactions. Our software will scan your bank/credit card statements to find potential tax write-offs and save you thousands of dollars from your tax bill. In fact, users typically save $5,600. Note: The best way to track expenses for small business owners, is with an app like Bonsai Tax. In this guide, you’ll learn how to track expenses for small business owners using 6 simple steps. Tracking your business expenses can help you find and eliminate bad spending habits, gain real-time visibility over your financials, and improve the financial health of your business.
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