{"id":15025,"date":"2026-09-15T12:14:22","date_gmt":"2026-09-15T16:14:22","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=15025"},"modified":"2026-09-15T12:18:20","modified_gmt":"2026-09-15T16:18:20","slug":"how-to-track-business-expenses","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/how-to-track-business-expenses\/","title":{"rendered":"How to keep track of business expenses"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard entry-header--has-illustration entry-header--has-illustration--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tHow to keep track of business expenses\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tIf you&#8217;re responsible for managing business finances, keeping track of expenses affects how clearly you can see your cash flow and make informed decisions. Learn the key steps, best tools, and how to build a process that keeps your finances accurate and error free. \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2026-09-15T12:14:22-04:00\">September 15, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"How to keep track of business expenses\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-ca\/blog\/how-to-track-business-expenses\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/joechurchwoods\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/05\/Joe-Yard-2-crop-350x350.jpg\" class=\"entry-author__image\" alt=\"Joe Church Woods\" \/>\t\t\t\t<span class=\"entry-author__name\">Joe Church Woods<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Whether&nbsp;you&#8217;re&nbsp;running a small business, managing a growing company, or overseeing a large department, learning how to keep track of business&nbsp;expenses is one of the smartest moves you can make to strengthen your company&#8217;s financial performance.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Effective\u00a0<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-expense-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">expense\u00a0management<\/a> leads to greater financial stability, better decision-making, smoother tax seasons, and significant cost savings.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Plus, it gives you greater control over your resources, helping you keep your business on track for the long haul.<\/p>\n\n\n<section id=\"key-takeaways\" class=\"wp-block-sage-key-takeaways\"><div class=\"sage-key-takeaways__inner\"><h2 class=\"wp-block-heading has-h-3-font-size\">Key takeaways<\/h2>\n<ul class=\"wp-block-list\">\n<li>Tracking business\u00a0expenses improves financial clarity, supports tax compliance, prevents fraud, and enables smarter budgeting and forecasting decisions.\u00a0<\/li>\n\n\n\n<li>Separating personal and business finances, then recording\u00a0expenses in real time, forms the foundation of an effective tracking system.\u00a0<\/li>\n\n\n\n<li>Spreadsheets suit freelancers, while small businesses\u00a0benefit\u00a0from accounting software, and larger companies should invest in dedicated\u00a0expense\u00a0management platforms.\u00a0<\/li>\n\n\n\n<li>Technology such as mobile apps and cloud-based tools automates data capture, reduces human error, and provides real-time financial visibility.\u00a0<\/li>\n<\/ul>\n<\/div><\/section>\n\n\n<p class=\"wp-block-paragraph\"><strong>Here\u2019s what we\u2019ll cover:<\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-expense-tracking\" data-level=\"2\">What is expense tracking?<\/a><\/li><li><a href=\"#h-why-is-tracking-business-expenses-important\" data-level=\"2\">Why is tracking business&nbsp;expenses important?<\/a><\/li><li><a href=\"#h-setting-up-a-process-for-your-business-expenses-step-by-step\" data-level=\"2\">Setting up a process for your business&nbsp;expenses, step by step<\/a><\/li><li><a href=\"#h-what-is-the-best-way-to-keep-track-of-business-expenses\" data-level=\"2\">What is the best way to keep track of business&nbsp;expenses?<\/a><\/li><li><a href=\"#h-tracking-methods-compared-spreadsheets-accounting-software-and-expense-management-tools\" data-level=\"2\">Tracking methods compared: Spreadsheets, accounting software, and&nbsp;expense&nbsp;management tools<\/a><\/li><li><a href=\"#h-what-are-the-most-common-types-of-business-expenses\" data-level=\"2\">What are the most common types of business&nbsp;expenses?<\/a><\/li><li><a href=\"#h-how-do-you-organize-business-expenses-effectively\" data-level=\"2\">How do you organize business&nbsp;expenses effectively?<\/a><\/li><li><a href=\"#h-expense-tracking-by-business-type-what-s-right-for-you\" data-level=\"2\">Expense&nbsp;tracking by business type:&nbsp;What&#8217;s&nbsp;right for you?<\/a><\/li><li><a href=\"#h-how-can-technology-help-you-track-business-expenses-more-effectively\" data-level=\"2\">How can technology help you track business&nbsp;expenses more effectively?<\/a><\/li><li><a href=\"#h-what-are-common-challenges-in-tracking-expenses-and-how-do-you-overcome-them\" data-level=\"2\">What are&nbsp;common challenges&nbsp;in tracking&nbsp;expenses and how do you overcome them?<\/a><\/li><li><a href=\"#h-stay-on-top-of-your-business-expenses-for-the-long-haul\" data-level=\"2\">Stay on top of your business expenses for the long haul<\/a><\/li><li><a href=\"#h-frequently-asked-questions-about-expense-tracking\" data-level=\"2\">Frequently asked questions about expense&nbsp;tracking<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 id=\"h-what-is-expense-tracking\" class=\"wp-block-heading\">What is expense tracking? <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ExpExpense&nbsp;tracking is the process of recording, categorizing, and&nbsp;monitoring&nbsp;all money spent by a business over a given period.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It covers everything from daily operational costs like software subscriptions and office supplies to larger&nbsp;expenditures such as travel, payroll, and equipment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Effective\u00a0expense\u00a0tracking gives businesses a real-time view of their spending, supports tax compliance, and lays the groundwork for\u00a0accurate\u00a0budgeting and forecasting.\u00a0<\/p>\n\n\n\n<h2 id=\"h-why-is-tracking-business-expenses-important\" class=\"wp-block-heading\"><strong>Why is tracking business\u00a0expenses important?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking business&nbsp;expenses helps you control spending and make better informed financial decisions. It gives you real-time visibility into your spending, simplifies tax preparation, supports&nbsp;accurate&nbsp;budgeting, and helps detect fraud early.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For small businesses especially, consistently tracking income and&nbsp;expenses is one of the most effective ways to protect cash flow and stay in control of your finances.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s&nbsp;how it supports your financial performance:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial clarity<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consistently tracking your&nbsp;expenses gives you a real-time, clear view of where your resources are going.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It helps you quickly&nbsp;identify&nbsp;areas where your team may be overspending, spot potential cash flow problems, and uncover missed opportunities for savings or growth.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Budgeting and forecasting accuracy<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate&nbsp;expense&nbsp;tracking lays the foundation for strong budgeting and smarter financial planning.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When your records are up to date,&nbsp;it&#8217;s&nbsp;much easier to create realistic budgets that reflect your actual spending.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over time, this data reveals spending patterns that help you forecast future expenses more effectively and adjust plans as needed.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With these insights, you can build a spending strategy that supports your financial health and aligns with your business goals.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tax compliance and deductions<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tax season becomes much less stressful when you&nbsp;maintain&nbsp;detailed records throughout the year.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Organised&nbsp;expense&nbsp;tracking not only helps you stay compliant with tax regulations but also makes it easier to&nbsp;identify&nbsp;legitimate deductions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every accurately tracked&nbsp;expense&nbsp;could&nbsp;represent&nbsp;a tax-saving opportunity, helping you reduce your taxable income and keep more money in the business.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fraud prevention<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping a close eye on your&nbsp;expenses can help you detect unauthorized or suspicious transactions early on, whether&nbsp;they&#8217;re&nbsp;honest mistakes or something more serious.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staying on top of your financial records is one of the best ways to protect your business from costly fraud and financial mismanagement.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Improved access to financing<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If&nbsp;you&#8217;re&nbsp;applying for a business loan or seeking investment, banks and investors will want a clear picture of your company&#8217;s financial health.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate, well-documented&nbsp;expense&nbsp;records&nbsp;demonstrate&nbsp;that your business is effectively managed and financially responsible, giving lenders and stakeholders more confidence in your ability to handle funding.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Better cash flow management<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding exactly when and where money is coming in and going out allows you to maintain a healthier cash flow.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solid&nbsp;expense&nbsp;tracking gives you the visibility needed to plan, avoid shortfalls, and support steady growth.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Easier audit preparation<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If your business is ever audited, internally or externally,&nbsp;detailed&nbsp;and organized&nbsp;expense&nbsp;records make the process smoother and less stressful.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With everything properly documented, audits become faster, more transparent, and far less disruptive.\u00a0<\/p>\n\n\n\n<h2 id=\"h-setting-up-a-process-for-your-business-expenses-step-by-step\" class=\"wp-block-heading\"><strong>Setting up a process for your business\u00a0expenses, step by step<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping track of business&nbsp;expenses&nbsp;doesn&#8217;t&nbsp;have to be complicated, but it does need to be consistent.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the right setup, you can build a simple system that gives you a clear view of where your money is going, helps you stay organized for tax time, and supports better financial decisions as your business grows.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Follow these steps to create a reliable, repeatable&nbsp;expense&nbsp;tracking process from the ground up:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 1: Open a dedicated business bank account<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Separate your personal and business finances from day one.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A dedicated business chequing account makes bookkeeping cleaner, simplifies tax preparation, and gives you a clear picture of business cash flow.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 2: Choose your tracking method<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Decide whether\u00a0you&#8217;ll\u00a0use a spreadsheet, accounting software, or a specialist expense management tool. Each has pros and cons depending on your business size and complexity.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 3: Set up an&nbsp;expense&nbsp;category system<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Create a chart of accounts or a standard list of&nbsp;expense&nbsp;categories, such as travel, meals, marketing, payroll, and office supplies.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consistent categorization is essential for&nbsp;accurate&nbsp;reporting and tax filing.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 4: Record&nbsp;expenses as they happen<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Log&nbsp;expenses in real time rather than in batches.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Use mobile apps to photograph receipts on the go and connect your bank accounts to your accounting software for automatic transaction capture.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 5: Collect and store receipts and documentation<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Keep digital copies of all receipts and invoices. Cloud-based storage keeps records secure, searchable, and accessible during audits or tax season.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 6: Reconcile accounts regularly<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At least monthly, match your recorded transactions against your bank and credit card statements. This catches errors, flags duplicate entries, and keeps your records&nbsp;accurate.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 7: Review and&nbsp;analyze&nbsp;your spending<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Schedule monthly or quarterly reviews to&nbsp;analyze&nbsp;your income and&nbsp;expenses together, not in isolation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This gives you a clear view of cash flow, profitability, and where your money is&nbsp;actually going. Use these insights to&nbsp;identify&nbsp;trends, spot overspending, and adjust budgets.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Track key metrics like your&nbsp;expense-to-revenue ratio to&nbsp;monitor&nbsp;financial health over time.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 8: Use your data at tax time<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With organized, categorized records, claiming deductions becomes straightforward.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ensure\u00a0you&#8217;ve\u00a0documented the business purpose of each\u00a0expense, as the CRA may require this justification.\u00a0<\/p>\n\n\n\n<h2 id=\"h-what-is-the-best-way-to-keep-track-of-business-expenses\" class=\"wp-block-heading\"><strong>What is the best way to keep track of business\u00a0expenses?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The most effective way to track business&nbsp;expenses depends on your business size and complexity, but in most cases using accounting or&nbsp;expense&nbsp;management software connected to your business bank account provides the best balance of accuracy, efficiency, and visibility.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For&nbsp;very small&nbsp;businesses or freelancers, a well-maintained spreadsheet can be a practical starting point.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As transaction volume increases, many choose to move to dedicated software to save time and improve accuracy.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once your tracking system is in place, the way you use it matters just as much as the tools you choose. A few best practices can help you stay consistent, reduce errors, and get more value from your data.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Use corporate credit cards<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Corporate credit cards make tracking&nbsp;expenses easier and more organized.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By assigning defined cards for business spending, you can access detailed statements that automatically categorize&nbsp;expenses, saving time and reducing manual entry errors.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Connect your bank and accounting tools<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Connecting your accounting or&nbsp;expense&nbsp;management software to your business bank accounts and credit cards allows transactions to flow in automatically.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This integration improves accuracy, reduces manual data entry, and speeds up tasks like bill payments, payroll, and reconciliation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Establish performance metrics<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking key performance metrics helps you&nbsp;monitor&nbsp;your company&#8217;s financial health and spot areas for improvement over time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Metrics&nbsp;provide&nbsp;valuable insights into spending trends, budgeting accuracy, and overall operational efficiency.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For&nbsp;expense&nbsp;tracking, consider monitoring:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Expense-to-revenue ratio:<\/strong>\u00a0measures how much of your revenue is being spent and helps\u00a0identify\u00a0overspending.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average\u00a0expense\u00a0per employee:<\/strong>\u00a0tracks employee-related spending and highlights potential areas for optimization.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Departmental\u00a0expense\u00a0trends:<\/strong>\u00a0compare spending across different departments to ensure budgets are being followed.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Travel and Entertainment (T&amp;E)\u00a0expenses as a percentage of revenue:<\/strong> helps control discretionary spending categories.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cost per client or project:<\/strong>\u00a0measures how much\u00a0you&#8217;re\u00a0spending to\u00a0acquire\u00a0or service clients or complete projects.\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Maintain a consistent review rhythm<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Reviewing your&nbsp;expenses once&nbsp;isn&#8217;t&nbsp;enough; consistency is what makes the process effective. Set a regular cadence, such as monthly or quarterly, and stick to it.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This ensures your records stay\u00a0accurate, your insights stay relevant, and small issues are caught early.\u00a0<\/p>\n\n\n\n<h2 id=\"h-tracking-methods-compared-spreadsheets-accounting-software-and-expense-management-tools\" class=\"wp-block-heading\"><strong>Tracking methods compared: Spreadsheets, accounting software, and\u00a0expense\u00a0management tools<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not all businesses need the same approach to&nbsp;expense&nbsp;tracking.&nbsp;Here&#8217;s&nbsp;how the three main methods compare and which suits which type of business.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Method<\/th><th>Best for<\/th><th>Pros<\/th><th>Cons<\/th><\/tr><\/thead><tbody><tr><td><strong>Spreadsheets<\/strong>&nbsp;&nbsp;&nbsp;<\/td><td>Freelancers and very early-stage businesses. &nbsp;&nbsp;<\/td><td>Low cost; flexible; easy to start.&nbsp;<\/td><td>Manual entry; error-prone;\u00a0<br>doesn\u2019t\u00a0scale well.\u00a0<\/td><\/tr><tr><td><strong>Accounting software<\/strong>&nbsp;<\/td><td>Small to medium-sized businesses. &nbsp;&nbsp;<\/td><td>Automation; bank integration; reporting; scalable.&nbsp;<\/td><td>Subscription cost; setup&nbsp;required.&nbsp;&nbsp;<\/td><\/tr><tr><td><strong>Expense\u00a0<\/strong><br><strong>management tools<\/strong>\u00a0<\/td><td>Growing teams with employee\u00a0<br>expenses.\u00a0<\/td><td>Streamlines claims, approvals, reimbursements. \u00a0\u00a0<\/td><td>Extra cost; may be unnecessary for small teams. &nbsp;&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h-what-are-the-most-common-types-of-business-expenses\" class=\"wp-block-heading\"><strong>What are the most common types of business\u00a0expenses?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Some of the most common business&nbsp;expense&nbsp;categories that&nbsp;you&#8217;ll&nbsp;want to keep track of are Cost of Goods Sold (COGS), administrative&nbsp;expenses, and selling&nbsp;expenses.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s&nbsp;a quick overview of each category:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>COGS:\u00a0<\/strong>these are direct costs, like raw materials and labour that are tied to producing your goods or services.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Administrative\u00a0expenses:<\/strong>\u00a0the day-to-day costs of running the business, like office rent, utilities, software subscriptions, and administrative salaries.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Selling\u00a0expenses:<\/strong>\u00a0advertising, marketing, promotional events, sales team salaries, and travel\u00a0expenses.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding these\u00a0categories of\u00a0expenses\u00a0helps ensure nothing slips through the cracks when it comes to tracking, reporting, and claiming deductions.\u00a0<\/p>\n\n\n\n<h2 id=\"h-how-do-you-organize-business-expenses-effectively\" class=\"wp-block-heading\"><strong>How do you organize business\u00a0expenses effectively?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To organize business\u00a0expenses effectively, start by creating a clear chart of accounts with standardized categories, then use\u00a0expense\u00a0management software to automate capture and categorization. Set clear expense\u00a0policies for your team and schedule regular reviews to catch errors and spot trends.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Develop a chart of accounts<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;chart of accounts&nbsp;is a structured list of all your business accounts.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It organizes your financial transactions into clear categories such as assets, liabilities, equity, revenue, and&nbsp;expenses\u2014making it much easier to track and report your business&#8217;s financial activity.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Use&nbsp;expense&nbsp;management tools<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Using&nbsp;<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/expense-management-automation\/\" target=\"_blank\" rel=\"noreferrer noopener\">automated&nbsp;expense management software<\/a>&nbsp;can&nbsp;remove&nbsp;much of the heavy lifting when it comes to tracking business expenses.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These tools minimize manual entry, reduce human error, streamline approvals, and save valuable time, helping you keep your financial records&nbsp;accurate&nbsp;and up to date with ease.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Set clear policies<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Establish simple, straightforward guidelines for&nbsp;expense&nbsp;reporting, spending limits, and what qualifies as a reimbursable&nbsp;expense.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When everyone knows the rules upfront,&nbsp;there&#8217;s&nbsp;less confusion, fewer mistakes, and much more consistency across the board.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Standardize business purchase methods<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Define clear methods for how business purchases should be made, such as using a company credit card, virtual card, or approved vendor accounts.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Standardization makes sure purchase operations are consistent, simplifies tracking, and helps prevent unauthorized spending.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outline employee reimbursement procedures<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Create a step-by-step process for employee reimbursements, including how to&nbsp;submit&nbsp;receipts, what forms to complete, and&nbsp;expected timelines for repayment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A clear reimbursement workflow promotes transparency and makes sure employees are fairly and promptly reimbursed for legitimate business\u00a0expenses.\u00a0<\/p>\n\n\n\n<h2 id=\"h-expense-tracking-by-business-type-what-s-right-for-you\" class=\"wp-block-heading\"><strong>Expense\u00a0tracking by business type:\u00a0What&#8217;s\u00a0right for you?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The right approach to\u00a0expense\u00a0tracking depends on the size and structure of your business.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s\u00a0a quick guide:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Freelancers and sole proprietors: <\/strong>keep it simple. A dedicated business bank account, a basic spreadsheet or entry-level accounting app, and a habit of logging receipts weekly is enough to stay compliant and\u00a0tax-ready. Your primary goal is separating personal and business spending and capturing deductible\u00a0expenses accurately.\u00a0<\/li>\n\n\n\n<li><strong>Small businesses and growing teams: <\/strong>move to\u00a0<a href=\"https:\/\/www.sage.com\/en-ca\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">cloud-based accounting software<\/a>. Automating bank feeds, invoicing, and\u00a0expense\u00a0categorization will save\u00a0significant time\u00a0as transaction volume increases. Introduce a company credit card policy to standardize how team\u00a0expenses are captured.\u00a0<\/li>\n\n\n\n<li><strong>Larger or scaling companies:<\/strong> invest in a dedicated\u00a0expense\u00a0management platform that integrates with your accounting software. Implement formal approval workflows, spending limits, and real-time dashboards so finance teams\u00a0maintain\u00a0oversight as the business grows.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-how-can-technology-help-you-track-business-expenses-more-effectively\" class=\"wp-block-heading\"><strong>How can technology help you track business\u00a0expenses more effectively?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Technology helps you track business&nbsp;expenses more efficiently by automating data capture, reducing manual errors, and giving you real-time access to your financial information.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tools like mobile apps and cloud-based accounting software streamline the entire process, from recording receipts to generating reports.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are two powerful options to streamline your process:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Mobile applications<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mobile applications allow you to log&nbsp;expenses on the go.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply snap a picture of a receipt, upload it instantly, and&nbsp;you&#8217;re&nbsp;all set.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many apps automatically categorize&nbsp;expenses and integrate directly with your accounting software, saving you even more time.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cloud-based solutions<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Cloud storage and cloud-based accounting tools let you access your financial information securely from anywhere, whether&nbsp;you&#8217;re&nbsp;at the office, working from home, or travelling.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With automatic backups, your financial records\u00a0remain\u00a0secure even if a device is lost or fails.\u00a0<\/p>\n\n\n\n<h2 id=\"h-what-are-common-challenges-in-tracking-expenses-and-how-do-you-overcome-them\" class=\"wp-block-heading\"><strong>What are\u00a0common challenges\u00a0in tracking\u00a0expenses and how do you overcome them?<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Common challenges&nbsp;in tracking business&nbsp;expenses include delayed recording, human error, inconsistent categorization, and fraud. You can overcome these by automating&nbsp;expense&nbsp;capture, standardizing processes, using digital tools, and implementing clear policies and regular reviews.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even with the best operational processes in place, businesses may encounter common challenges when tracking expenses.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the most frequent issues to watch out for:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Delayed or inconsistent&nbsp;expense&nbsp;recording<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s\u00a0easy to delay logging receipts when\u00a0you&#8217;re\u00a0busy, but procrastination only worsens things.\u00a0Set weekly reminders or use apps that automatically capture and log\u00a0expenses to stay on track.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Human error and misplacing receipts<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mistakes happen, and receipts can easily go missing. Switching to digital solutions that scan and securely store receipts helps reduce the risk of errors and saves you major headaches down the line.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Inconsistent&nbsp;expense&nbsp;categorization<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When different team members categorize&nbsp;expenses inconsistently, it throws off&nbsp;your&nbsp;reporting and financial analysis.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solve this by creating a standard list of&nbsp;expense&nbsp;categories and offering simple training to ensure&nbsp;everyone&#8217;s&nbsp;on the same page.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Expense&nbsp;fraud<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, fraud can happen in any organization.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the most common types of&nbsp;<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-expense-report-fraud\/\" target=\"_blank\" rel=\"noreferrer noopener\">expense&nbsp;fraud<\/a>&nbsp;to watch out for:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fake\u00a0expenses:<\/strong>\u00a0submitting\u00a0receipts for purchases that never occurred.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Double billing:<\/strong>\u00a0submitting\u00a0the same\u00a0expense\u00a0more than once for reimbursement.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal\u00a0expenses:<\/strong>\u00a0claiming non-business\u00a0expenses as work-related.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Refund reimbursement:<\/strong>\u00a0requesting reimbursement for items that were later returned.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Inflated\u00a0expenses:<\/strong>\u00a0exaggerating the cost of legitimate purchases.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">To protect your business,&nbsp;establish&nbsp;clear and enforceable&nbsp;expense&nbsp;policies, implement strong internal controls, and conduct regular audits or spot checks.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These steps help you detect fraud early and\u00a0maintain\u00a0financial accountability across your organization.\u00a0<\/p>\n\n\n\n<h2 id=\"h-stay-on-top-of-your-business-expenses-for-the-long-haul\" class=\"wp-block-heading\"><strong>Stay on top of your business expenses for the long haul<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking your business\u00a0expenses is one of the most important tasks in maintaining financial success.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It leads to smarter budgeting, better tax preparation, stronger cash flow management, and less administrative burdens&nbsp;in the long run.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wondering how&nbsp;you&#8217;ll&nbsp;manage it all? You&nbsp;don&#8217;t&nbsp;have to do it alone.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the right accounting software, business&nbsp;expense&nbsp;tracking becomes easy, fast, and&nbsp;accurate\u2014helping&nbsp;you keep your financial house in order without the headaches.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to gain greater control over your business&nbsp;expenses?&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Explore our\u00a0<a href=\"https:\/\/www.sage.com\/en-ca\/human-resources\/expense-management-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">real-time\u00a0expense\u00a0management software<\/a>\u00a0and take your financial tracking to the next level.<\/p>\n\n\n<section class=\"wp-block-sage-faq\">\n\t\n<h2 id=\"h-frequently-asked-questions-about-expense-tracking\" class=\"wp-block-heading\"><strong>Frequently asked questions about expense\u00a0tracking\u00a0<\/strong><\/h2>\n\t\t\t<div class=\"faq-items\">\n\t\t\t<div class=\"wp-block-sage-faq-item\" id=\"faq-item-5af90034\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-should-i-use-a-spreadsheet-or-software-for-expense-tracking\" class=\"wp-block-heading\"><strong>Should I use a spreadsheet or software for expense\u00a0tracking?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">Spreadsheets work well for freelancers or very small businesses with low transaction volumes, but once your business grows, or if you have employees, payroll, or sales tax obligations, accounting software will save time, reduce errors, and produce the financial reports you need for tax filing and business planning.\u00a0<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-cdb62b68\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-how-can-i-make-it-easier-to-keep-track-of-business-expenses-and-income-side-by-side\" class=\"wp-block-heading\"><strong>How can I make it easier to keep track of business\u00a0expenses and income side by side?<\/strong>\u00a0<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">One of the easiest ways to track\u00a0expenses and income simultaneously is to use accounting software that tracks both in one place, providing a complete, real-time view of your financial health. This automates transaction imports and categorization, minimizing manual data entry and making reconciliation, forecasting, and tax preparation significantly easier.\u00a0<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-b2563ea9\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-what-happens-if-i-don-t-track-business-expenses\" class=\"wp-block-heading\"><strong>What happens if I\u00a0don&#8217;t\u00a0track business expenses?<\/strong>\u00a0<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">Without proper\u00a0expense\u00a0tracking, you risk missing legitimate tax deductions, losing visibility into cash flow, failing audits, and making financial decisions based on incomplete information. Poor records can also raise red flags with lenders or investors.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-3daf78d9\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-what-expenses-can-a-small-business-write-off\" class=\"wp-block-heading\"><strong>What\u00a0expenses can a small business write off?<\/strong>\u00a0<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">As a general rule, you can\u00a0deduct any reasonable current expenses you incur to earn income.\u00a0Expenses\u00a0you can write off\u00a0include\u00a0home office expenses like rent, office supplies, and\u00a0electricity,\u00a0some\u00a0marketing and professional services\u00a0costs,\u00a0employee salaries, travel, and business insurance. Deductible expenses also include any goods and services tax \/ harmonized sales tax (GST\/HST) you incur on these expenses, minus the amount of any input tax credit claimed.\u00a0\u00a0<\/p>\n\n<p class=\"wp-block-paragraph\">Visit\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/sole-proprietorships-partnerships\/business-expenses.html\" target=\"_blank\" rel=\"noreferrer noopener\">Canada.ca<\/a>\u00a0to\u00a0learn more\u00a0about business expenses and what you\u00a0may be able to\u00a0deduct.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-69a363d1\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-how-long-should-i-keep-business-expense-records\" class=\"wp-block-heading\"><strong>How long should I keep business expense records?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">The&nbsp;standard&nbsp;Canada&nbsp;Revenue&nbsp;Agency&nbsp;requirement is&nbsp;that you keep your expense records for&nbsp;six years from the end of the tax year in question, but&nbsp;under some circumstances&nbsp;a&nbsp;different&nbsp;time&nbsp;period&nbsp;can apply. For example,&nbsp;any&nbsp;tax&nbsp;records and supporting documents&nbsp;related to&nbsp;long-term acquisitions and disposal of property, the share registry, or other historical information that would have an effect on the sale, liquidation,&nbsp;or wind\u2011up of the business,&nbsp;need to be kept&nbsp;indefinitely.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">Find out more at\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/keeping-records\/where-keep-your-records-long-request-permission-destroy-them-early.html#kp_yr_rcrds\" target=\"_blank\" rel=\"noreferrer noopener\">Canada.ca<\/a>.\u00a0<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-8949a954-88b2-43bb-8b8a-77c53eb34350\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/accounting-101\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccounting 101\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/bookkeeping\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbookkeeping\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-continuity\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness continuity\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/cash-flow\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tcash flow\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/expenses\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\texpenses\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/small-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tsmall business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-12509 post type-post status-publish format-standard has-post-thumbnail hentry category-growth-customers category-strategy-legal-operations tag-accounting-101 tag-bookkeeping tag-business-intelligence tag-midsized-business tag-profit-and-loss tag-small-business business_type-small-business business_type-medium-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-1440x810.jpg\" class=\"card-post__image\" alt=\"Woman smiling at desk\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-768x432.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-30T06:56:49-04:00\">September 30, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-a-trial-balance\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tWhat is a trial balance in accounting? A complete guide\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tA trial balance is one of the simplest tools to confirm your books are accurate before you prepare formal financial statements. Here&#8217;s what it is, how to prepare one, and what to do if the totals don&#8217;t match.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-12478 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-strategy-legal-operations category-trends-insights tag-accounting-101 tag-bookkeeping tag-business-finances tag-business-intelligence tag-cash-flow tag-financial-insights tag-midsized-business tag-profit-and-loss tag-small-business business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/net-income-formula\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1-684x384.jpg\" class=\"card-post__image\" alt=\"woman working\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1.jpg 708w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1.jpg 708w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-30T06:44:33-04:00\">September 30, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tNet income formula: How to calculate net income\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-10066 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accounting-101 tag-business-intelligence tag-data-analysis tag-financial-insights tag-how-to-grow-your-business tag-small-business business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-markup-percentage\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1-640x384.jpg\" class=\"card-post__image\" alt=\"woman in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1-640x384.jpg 640w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1.jpg 640w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1.jpg 640w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-30T06:29:56-04:00\">September 30, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tMarkup calculator: How to calculate markup percentage\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-8926 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-bookkeeping tag-business-continuity tag-business-finances tag-cash-flow tag-small-business business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/why-you-should-be-doing-cash-flow-analysis\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-643644406-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-643644406-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-643644406-768x432.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-643644406-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-24T11:43:07-04:00\">September 24, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tCash flow analysis guide: Definition, steps, and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-12545 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-trends-insights tag-accounting-101 tag-bookkeeping tag-business-intelligence tag-business-strategy tag-cfo tag-financial-insights tag-how-to-grow-your-business tag-investments tag-midsized-business tag-profit-and-loss tag-staying-competitive business_type-small-business business_type-medium-business business_type-accountants industry-construction industry-financial-services\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/real-estate-accounting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1-684x384.jpg\" class=\"card-post__image\" alt=\"woman in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1.jpg 1024w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-24T11:10:18-04:00\">September 24, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tReal estate accounting: A complete guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re responsible for managing business finances, keeping track of expenses affects how clearly you can see your cash flow and make informed decisions. Learn the key steps, best tools, and how to build a process that keeps your finances accurate and error free. <\/p>\n","protected":false},"author":1847,"featured_media":8023,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"[{\"keyword\":\"tracking expenses for business\",\"score\":93},{\"keyword\":\"track business expenses\",\"score\":93},{\"keyword\":\"how to track business expenses\",\"score\":93},{\"keyword\":\"tracking business expenses\",\"score\":93}]","_yoast_wpseo_keywordsynonyms":"[\"\",\"\",\"\",\"\",\"\"]","_yoast_wpseo_primary_category":"7","sage_membership_post_content_type":"article","sage_membership_post_featured_video_id":"","sage_membership_post_video_type":"trailer","sage_membership_post_featured_video_duration":"","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[7],"tags":[162,165,224,266,271,189,267],"business_type":[3],"lilypad":[],"context":[],"industry":[],"persona":[100,73,83],"imagine_tag":[35,67],"coauthors":[460],"class_list":["post-15025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-accounting-101","tag-bookkeeping","tag-business-continuity","tag-business-finances","tag-cash-flow","tag-expenses","tag-small-business","business_type-small-business"],"sage_meta":{"region":"en-ca","author_name":"Joe Church Woods","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-939019528.jpg","imagine_tags":{"35":"accounting software","67":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada English","distributor_original_site_url":"https:\/\/www.sage.com\/en-ca\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/15025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/users\/1847"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/comments?post=15025"}],"version-history":[{"count":5,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/15025\/revisions"}],"predecessor-version":[{"id":15043,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/15025\/revisions\/15043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media\/8023"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media?parent=15025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/categories?post=15025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/tags?post=15025"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/business_type?post=15025"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/lilypad?post=15025"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/context?post=15025"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/industry?post=15025"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/persona?post=15025"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/imagine_tag?post=15025"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/coauthors?post=15025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}