Effective expense tracking requires a combination of manual recording and digital tools. Here are some strategies:
Use Accounting Software: Software like QuickBooks or Xero can automate and streamline the tracking process. Maintain Receipts: Keep digital or physical copies of all receipts for accurate record-keeping. Regular Reviews: Schedule monthly reviews to ensure all expenses are logged and categorized correctly. Implement Budgeting: Create and adhere to a budget to control spending and forecast future expenses.
