Expense

A business expense is an operating cost incurred to a business during an accounting period.

An example could be purchasing new computer equipment for your company – this is (in most cases) an item that you can expense.

Good things to include on an expense item are:

• The date the expense was incurred
• The vendor selling the good or service purchased
• A description of the item or service
• The price
• The tax rate and total
• A copy of the sales receipt or invoice received from the seller

It’s a good idea to carefully document and track your business expenses so that you can keep your books in order.

This could be a lot of hassle, but fortunately Quaderno makes entering (and tracking, and importing) expenses a breeze!