How do you track your operating expenses?

Question

For tax purposes and financial understanding of your business, this is a crucial activity, what tools do you use to get the job done?

Harish Kumar · Accepted Answer

I started using business transferwise and it has good fuctionality to group your expenses in to cost centersand categories.

Harish Kumar · Answer

I started using Business Transferwise...it has all payment transfers and you can categoriese your expenses. Moss is also very good tool available in Europe.

Ezzat Suhaime · Answer

We’re really small (3 people) and don’t make many expenses at all (one expense a month for fiverr, legal costs, small subscriptions) so we just use a simple google sheet.
In my opinion, just start small and scale when it is necessary. Focus on engineering a great product, not over engineering company operations :]

Dylan Merideth · Answer

Do you have it automated? Is it a manual activity in a spreadsheet? What is your toolkit for accounting and expense tracking?

We are experimenting with quickbooks right now, but its not the most straightforward thing i have ever done, curious if there are superior workflows

How do you track your operating expenses?

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