Finally, an Expense Tracker Made Simple

You can enter expenses by uploading a CSV file or have FreshBooks automatically track expenses by connecting your bank, credit cards, and financial accounts, as FreshBooks is open-banking compliant.

If you want to import your expenses in bulk with a CSV file, just populate your file with the necessary fields. Then select “Import Expenses from a File” from the “More Actions” button in the Expenses section of your FreshBooks account.

You can also connect your bank accounts to your FreshBooks account, so the integrated expense tracker app automatically tracks your expenses. You can read more about how to connect your bank here.

Read more about how to import expenses, or connect your bank to import expense data.

Here’s an easy read about all things expense import – Automatic Expense Import in FreshBooks.

Yes! Whether you paid in cash, with a credit card, a debit card, or any other way, the FreshBooks expense tracking app automatically shows you any business expenses you’ve incurred for each client. It also lets you add them to any invoice in just a few clicks, so you don’t have to dip into your personal finances. You can assign expenses to a client or project when they’re incurred, and then you can mark these expenses as billable so that your client will be invoiced for them later.

The financial costs of not rebilling business expenses can add up and negatively impact your financial life. That’s why the best expense tracker apps make it easy to add a customer expense to an invoice and help your cash flow.

Learn more about rebilling an expense.

Number 4 on this list of “10 Advanced Invoicing Tips to Get Paid Even Faster” is all about rebilling expenses and why it’s crucial. Check it out.

The best expense tracker apps for small businesses allow you to seamlessly add your expenses to detailed financial reports for your business. FreshBooks offers reports that show all the money flowing in and out of your business, so you know exactly where you stand throughout the expense reporting process.

There’s even a dedicated Expense Report that shows the details of each expense, when you paid for each expense, and how you categorised each expense. Applicable taxes for your business are included in these reports as well.

You can find your Expense Report in the Reports section of your FreshBooks account, under “Invoice & Expense Reports”. You can use the Expense Report when you file your taxes to get a summary of your spending habits throughout the year.

Learn more about the Expense Report.

Read this article to learn more about essential tax time reports: 3 Reports You Can’t Live Without at Tax Time 

It’s important to categorise expenses so you can identify what areas of your business you might be overspending on. Group expenses by spending categories to help you maximise your tax deductions and credits at tax time.

FreshBooks expense tracker provides default Expense categories and subcategories for you to choose from. You can categorise your business expenses easily under Advertising, Car & Truck, Employee Benefits, Meals & Entertainment, and more. You can provide even more granularity to your expense reports by using expense subcategories.

Some business expense trackers don’t let you customise your expense reports. However, with FreshBooks, you can create custom expense subcategories specific to your business’s unique needs, expenses and spending habits. You can also create custom expense subcategories in flight while editing a business Expense.

Learn more about expense categories.

Deepen your knowledge about the importance of expense tracking and expense tracker apps with this great article: Why You Should Track Your Business Expenses Daily.