Expense categories for small businesses are the essential components of good financial management. They provide a framework to track and manage costs related to running a business in both the short-term and long-term. From office supplies and travel expenses to marketing campaigns and employee wages, an effective expense category strategy can help ensure that the revenue generated is maximized for the benefit of the business. Additionally, if your business is growing rapidly or experiencing high levels of demand, categorizing expenses can also be a great way to identify which areas need special attention. It’s important to have clear and organized expense categories in order to keep tabs on spending habits and make sure your company remains profitable.