![]() It can also help you figure out what to look for if you decide to use an expense tracking app in the future. One of the advantages of starting off in Excel is that you can customize the document to suit your needs, so you’re tracking exactly what you want to. There’s no one-size-fits-all method for tracking expenses, but everyone needs somewhere to start. Read on for instructions on how to use the spreadsheet, plus some general tips on expense tracking. It’s a quick solution that will help make sense of that pile of receipts in the corner of your desk, while also keeping a running total of your net income. If you’re new to tracking your expenses, the easiest way to do it is to start out with a simple expense tracking spreadsheet, like the one featured below. But keeping a close eye on your expenses year-round can also help you keep healthy profit margins, and a balanced budget. Business owners often pay too many taxes because they fail to track expenses properly, which would otherwise offset their taxable income. When you think about tracking expenses, you might associate it with taxes-and for good reason.
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