List Business Expenses is the process of tracking and categorizing all of your costs related to running a business. It’s important to track expenses accurately to get an accurate picture of your financial health. Documenting every purchase can help you make informed decisions about how to allocate your resources and how to streamline operations. Keeping a detailed account of expenses also prepares you for tax season and provides insights into where your money is going. To keep it simple, list out each expenditure as it occurs and categorize them into groups such as office supplies, utilities, and travel. With this approach, you can identify trends in your spending and exercise greater control over your budget.