Tracking small business expenses is an essential part of running a successful company. It involves monitoring and recording where and how each dollar is spent, so you can have a clear understanding of your company’s financial health. This process allows businesses to understand their cash flow, maintain their budgets, stay compliant with regulations, and take advantage of deductions when filing taxes. Tracking small business expenses doesn’t have to be complicated; with the right tools and processes in place, you can easily keep your finances organized. A few simple steps – like creating detailed expense reports and establishing a system for tracking income and expenses – can make all the difference!