Expenses

Tagging expenses in a business setup is essential for several reasons. It helps organize and categorize spending, making it easier to track financial patterns. By tagging expenses, businesses can manage their budgets more effectively and allocate funds based on specific categories. This practice also enables detailed financial reporting and promotes accountability. Additionally, it ensures that all deductible expenses are accurately recorded.

• Expense Claims: Daily expenses of the store.

• Expense Bills: Monthly expenses.