A Bill Tracker Could Save Your Small Business

View all bills

If you run a small business, a bill tracker can save you from financial headaches, such as cash flow problems. Why track bills? If you are like many small biz owners, you are busy…perhaps too busy to monitor bills and bill payments. While you could use a spreadsheet to track bills – from aging payables to payments made – a spreadsheet is a lot of work for little payback. Sure, you’ll know how much you owe and have spent on expenses…but the work involved doesn’t result in metrics that can help you make decisions to improve problems related to expenses. A bill tracking spreadsheet is also not connected to an accounting system, typically. Read more

Expense Tracking for Contractors. Benefits that Can Save You Money

expense tracking for contractors

If you are a contractor and you are still tracking expenses in your head or by keeping paper receipts, you may want to consider the effect this casual way of managing expenses may have on your business profits. Contractors are busy people! Your hours are consumed by the work you do and that means little time is left for what you may consider boring admin or paperwork. Tracking expenses, though, is a necessary part of learning to run your own business effectively. All contractors benefit from using a more formal expense tracking system. Read more

Smart Expense Management for Small Business

Record multiple expenses for a vendor

In Flare, expense management for small business is easy and doesn’t require financial management knowledge. Flare Cloud Accounting has several features that allow you to record and track expenses.  You can record expenses by vendor one by one, or record expenses in bulk by vendor with Flare’s convenient expense input form. Once recorded, you can view overviews of expenses in the Profit & Loss Statement, or,  view expenses by chart of accounts category in the Transaction Details report (general ledger). For small businesses, two of Flare’s most powerful expense recording and tracking features are the expense form and the vendor module. Read more