In this video I show you how I keep track of my business expenses. Here is my process step by step:
1. Save all receipts from purchases on physical stores.
2. Once a month dedicate some time to track your expenses:
. tape all receipts to a blank paper, number them
. print all receipts from online purchases and recurring bills
. add information to the spreadsheet
. save all receipts in a file folder
Here is an example of my spreadsheet:
This way I always have all the information I need for taxes, I can easily find a receipt I need and I know exactly on what I have been spending, supplies, recurring bills, etc.