Stick to these best practices when it comes to keeping track of expenses and you will never be disappointed!
Save receipts - hate paper? Take a photo and email, scan your receipt, or ask the business for an electronic receipt!
Use your credit card vs. cash for expenses; this is an instant record of what was spent, the date, and where.
Create categories for your business expenses so you know what went where at all times.
Download every app you use for tracking spending; this gives you the ability to set up notifications and stay on top of everything in the moment.
Plan for time to pay bills. This gives you the focus and energy to choose based on due dates, current funds, and upcoming costs.
Communicate to your leadership. They need to know what your financial goals are to help you achieve them! If they are receiving mail, using a corporate credit card, and/ or ordering goods, set standards for them to keep your records organized.
Train your leadership to communicate with you about business needs, quotes from vendors, and upcoming costs that they will need your help with. Transparency is key.
Create an expense report for reimbursements.
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