{"id":73552,"date":"2025-05-23T11:05:32","date_gmt":"2025-05-23T09:05:32","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=73552"},"modified":"2025-05-23T11:05:33","modified_gmt":"2025-05-23T09:05:33","slug":"how-to-track-business-expenses","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/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--has-illustration entry-header--has-illustration--generic\">\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-za\/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\t\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=\"2025-05-23T11:05:32+02:00\">May 23, 2025<\/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-za\/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<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-za\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/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 running a small business, managing a growing company, or overseeing a large department, tracking business expenses is one of the smartest moves you can make to strengthen your company\u2019s financial performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Effective expense management leads to greater financial stability, better decision-making, smoother tax seasons, and significant cost savings.<\/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\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-the-importance-of-tracking-expenses\" data-level=\"2\">The importance of tracking expenses<\/a><\/li><li><a href=\"#h-best-ways-to-keep-track-of-business-expenses\" data-level=\"2\">Best ways to keep track of business expenses<\/a><\/li><li><a href=\"#h-common-business-expenses\" data-level=\"2\">Common business expenses<\/a><\/li><li><a href=\"#h-how-to-organise-business-expenses-effectively\" data-level=\"2\">How to organise business expenses effectively<\/a><\/li><li><a href=\"#h-how-to-keep-track-of-business-expenses-and-income\" data-level=\"2\">How to keep track of business expenses and income<\/a><\/li><li><a href=\"#h-leveraging-technology-for-expense-tracking\" data-level=\"2\">Leveraging technology for expense tracking<\/a><\/li><li><a href=\"#h-common-challenges-in-tracking-business-expenses-and-how-to-overcome-them\" data-level=\"2\">Common challenges in tracking business expenses and how to overcome them<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><\/ul><\/div>\n\n\n\n<div class=\"single-cta gated-content\">\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\">Small business survival toolkit<\/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>Get practical advice to help your business thrive.<\/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-80195606-5387-4569-bfaf-b6a518449b24\"\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>Download your free guide<\/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-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-importance-of-tracking-expenses\">The importance of tracking expenses<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking expenses is key for your business financial performance, because it gives you:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-clarity\">Financial clarity<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consistently tracking your expenses gives you a real-time, clear view of where your resources are going.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It helps you quickly identify areas where your team may be overspending, spot potential cash flow problems, and uncover missed opportunities for savings or growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-budgeting-and-forecasting-accuracy\">Budgeting and forecasting accuracy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate expense tracking lays the foundation for strong budgeting and smarter financial planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When your records are up to date, it\u2019s much easier to create realistic budgets that reflect your actual spending.<\/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.<\/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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tax-compliance-and-deductions\">Tax compliance and deductions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tax season becomes much less stressful when you maintain detailed records throughout the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Organised expense tracking not only helps you stay compliant with tax regulations but also makes it easier to identify legitimate deductions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every accurately tracked expense could represent a tax-saving opportunity, helping you reduce your taxable income and keep more money in the business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-fraud-prevention\">Fraud prevention<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping a close eye on your expenses can help you detect unauthorised or suspicious transactions early on, whether they\u2019re honest mistakes or something more serious.<\/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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-improved-access-to-financing\">Improved access to financing<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re applying for a business loan or seeking investment, banks and investors will want a clear picture of your company\u2019s financial health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate, well-documented expense records demonstrate that your business is effectively managed and financially responsible, giving lenders and stakeholders more confidence in your ability to handle funding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-better-cash-flow-management\">Better cash flow management<\/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 healthier cash flow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solid expense tracking gives you the visibility needed to plan, avoid shortfalls, and support steady growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-easier-audit-preparation\">Easier audit preparation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If your business is ever audited\u2014internally or externally\u2014detailed and organised expense records make the process smoother and less stressful.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With everything properly documented, audits become faster, more transparent, and far less disruptive.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\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\">Small business survival toolkit<\/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>Get practical advice to help your business thrive.<\/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-80195606-5387-4569-bfaf-b6a518449b24\"\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>Download your free guide<\/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-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-ways-to-keep-track-of-business-expenses\">Best ways to keep track of business expenses<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Looking for the best way to keep track of business expenses?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following a few proven best practices can make managing your business expenses much easier, more accurate, and far more effective.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the key steps you should follow:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-establish-a-dedicated-business-bank-account\">Establish a dedicated business bank account<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One of the first things you should do is separate your personal and business finances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping them separate makes your bookkeeping cleaner, simplifies tax preparation, and improves financial visibility. Ideally, your business should have:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>a business chequing account <\/strong>for everyday expenses and transactions<\/li>\n\n\n\n<li><strong>a business savings account <\/strong>for setting aside funds for future investments, emergencies, or growth opportunities<\/li>\n\n\n\n<li><strong>a merchant services account <\/strong>for securely processing customer payments.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-use-corporate-credit-cards\">Use corporate credit cards<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Corporate credit cards make tracking expenses easier and more organised.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By assigning defined cards for business spending, you can access detailed statements that automatically categorise expenses, saving time and reducing manual entry errors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-connect-your-bank-and-accounting-tools\">Connect your bank and accounting tools<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Connecting your accounting or expense management software to your business bank accounts and credit cards allows transactions to flow in automatically.<\/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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-utilise-accounting-software\">Utilise accounting software<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re still using manual spreadsheets, it\u2019s time to upgrade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Accounting software<\/strong><\/a> automates expense tracking, simplifies reporting, and organises everything in one easy-to-access platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a smart investment that pays off in accuracy and efficiency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-regularly-record-expenses\">Regularly record expenses<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u2019t wait until the last minute to record your expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Logging them as they happen helps maintain accuracy and prevents overwhelming backlogs later.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even better, many accounting tools allow you to automatically capture and upload transactions in real time, cutting down on manual work and reducing the risk of errors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-organise-receipts-and-documentation\">Organise receipts and documentation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Organising your receipts can make a big difference during audits or tax season.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you prefer digital or physical storage, it\u2019s crucial to keep your documentation accessible and secure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Digital solutions allow you to snap photos of receipts and store them safely in the cloud, making retrieval quick and easy when you need it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-categorise-expenses-accurately\">Categorise expenses accurately<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Make sure every transaction is assigned to the correct category\u2014such as travel, meals, office supplies, or marketing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate categorisation is essential for budgeting, financial analysis, and preparing accurate tax returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-establish-performance-metrics\">Establish performance metrics<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking key performance metrics helps you monitor your company\u2019s financial health and spot areas for improvement over time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Metrics provide valuable insights into spending trends, budgeting accuracy, and overall operational efficiency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For expense tracking, consider monitoring:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Expense-to-revenue ratio:<\/strong> measures how much of your revenue is being spent and helps identify overspending.<\/li>\n\n\n\n<li><strong>Average expense per employee: <\/strong>tracks employee-related spending and highlights potential areas for optimisation.<\/li>\n\n\n\n<li><strong>Departmental expense trends: <\/strong>this metric compares spending across different departments to ensure budgets are being followed.<\/li>\n\n\n\n<li><strong>Travel and Entertainment (T&amp;E) expenses as a percentage of revenue: <\/strong>helps control discretionary spending categories.<\/li>\n\n\n\n<li><strong>Cost per client or project:<\/strong> measures how much you\u2019re spending to acquire or service clients or complete projects.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-implement-a-consistent-review-process\">Implement a consistent review process<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Plan regular monthly or quarterly reviews of your expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consistent check-ins help you catch mistakes early, spot spending trends, adjust budgets proactively, and make better-informed financial decisions moving forward.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\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\">Small business survival toolkit<\/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>Get practical advice to help your business thrive.<\/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-80195606-5387-4569-bfaf-b6a518449b24\"\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>Download your free guide<\/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-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1305268048-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-business-expenses\">Common business expenses<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few categories of expenses you\u2019ll want to track carefully:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cost-of-goods-sold-cogs\">Cost of Goods Sold (COGS)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Direct costs like raw materials and labour directly tied to producing your goods or services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-administrative-expenses\">Administrative expenses<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Office rent, utilities, software subscriptions, administrative salaries\u2014basically, the costs of running the business day-to-day.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-selling-expenses\">Selling expenses<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Advertising, marketing, promotional events, sales team salaries, and travel expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-organise-business-expenses-effectively\">How to organise business expenses effectively<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping your business expenses organised doesn\u2019t have to be overwhelming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few simple but powerful strategies to help you stay on top of everything:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-develop-a-chart-of-accounts\">Develop a chart of accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A chart of accounts is a structured list of all your business accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It organises your financial transactions into clear categories such as assets, liabilities, equity, revenue, and expenses\u2014making it much easier to track and report your business\u2019s financial activity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-use-expense-management-tools\">Use expense management tools<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Using expense management software can automate much of the heavy lifting when it comes to tracking business expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These tools minimise manual entry, reduce human error, streamline approvals, and save valuable time\u2014helping you keep your financial records accurate and up to date with ease.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-set-clear-policies\">Set clear policies<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Establish simple, straightforward guidelines for expense reporting, spending limits, and what qualifies as a reimbursable expense.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When everyone knows the rules upfront, there\u2019s less confusion, fewer mistakes, and much more consistency across the board.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-standardise-business-purchase-methods\">Standardise business purchase methods<\/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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Standardisation makes sure purchase operations are consistent, simplifies tracking, and helps prevent unauthorised spending.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-outline-employee-reimbursement-procedures\">Outline employee reimbursement procedures<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Create a step-by-step process for employee reimbursements, including how to submit receipts, what forms to complete, and expected timelines for repayment.<\/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 expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-keep-track-of-business-expenses-and-income\">How to keep track of business expenses and income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking expenses and income side by side is crucial for accurately showing your company\u2019s financial health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s how you can stay organised and in control:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-integrated-accounting-systems\">Integrated accounting systems<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Use an accounting system that tracks both your income and expenses in one place.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This provides a complete view of your financial health without jumping between different platforms or spreadsheets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Having everything centralised also makes reporting and forecasting much easier.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-regular-financial-reconciliation\">Regular financial reconciliation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u2019t assume everything automatically matches up.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regularly reconcile your recorded transactions with your bank and credit card statements to catch any discrepancies early.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consistent<strong> <\/strong>account reconciliation helps you maintain accurate records, avoid financial surprises, and build trust in your financial reporting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-leveraging-technology-for-expense-tracking\">Leveraging technology for expense tracking<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Technology has made expense tracking faster, easier, and more reliable than ever before.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are two powerful ways to streamline your process:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-mobile-applications\">1. Mobile applications<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mobile applications allow you to log expenses on the go.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply snap a picture of a receipt, upload it instantly, and you\u2019re all set.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many apps automatically categorise expenses and integrate directly with your accounting software, saving you even more time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-cloud-based-solutions\">2. Cloud-based solutions<\/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\u2014whether at the office, working from home, or travelling around.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With automatic backups, you never have to worry about losing important financial records due to device failure or loss.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-challenges-in-tracking-business-expenses-and-how-to-overcome-them\">Common challenges in tracking business expenses and how to overcome them<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even with the best operational processes in place, businesses often encounter common challenges when tracking expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the most frequent issues to watch out for:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-procrastination-in-recording-expenses\">Procrastination in recording expenses<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s easy to log receipts when you\u2019re busy, but procrastination only worsens things.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Set weekly reminders or use apps that automatically capture and log expenses to stay consistently on track.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-human-error-and-misplacing-receipts\">Human error and misplacing receipts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mistakes happen, and receipts can easily go missing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Switching to digital solutions that scan and securely store receipts helps reduce the risk of errors\u2014and saves you major headaches down the line.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-inconsistent-expense-categorisation\">Inconsistent expense categorisation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When different team members categorise expenses inconsistently, it throws off your reporting and financial analysis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solve this by creating a standard list of expense categories and offering simple training to ensure everyone\u2019s on the same page.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-expense-fraud\">Expense fraud<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, fraud can happen in any organisation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the most common types of expense fraud to watch out for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fake expenses:<\/strong> submitting receipts for purchases that never occurred.<\/li>\n\n\n\n<li><strong>Double billing: <\/strong>submitting the same expense more than once for reimbursement.<\/li>\n\n\n\n<li><strong>Personal expenses: <\/strong>claiming non-business expenses as work-related.<\/li>\n\n\n\n<li><strong>Refund reimbursement:<\/strong> requesting reimbursement for items that were later returned.<\/li>\n\n\n\n<li><strong>Inflated expenses:<\/strong> exaggerating the cost of legitimate purchases.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">To protect your business, establish clear, and enforceable expense policies, implement strong internal controls, and conduct regular audits or spot checks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These steps help you detect fraud early and maintain financial accountability across your organisation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking your business expenses might not be the most exciting part of running a company, but it\u2019s definitely one of the most important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It leads to smarter budgeting, better tax preparation, stronger cash flow management, and a lot less stress overall.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wondering how you\u2019ll manage it all? You don\u2019t have to do it alone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the right accounting software, business expense tracking becomes easy, fast, and accurate\u2014helping you keep your financial house in order without the headaches.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to get a better handle on your business expenses?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Explore our <a href=\"https:\/\/www.sage.com\/en-za\/human-resources\/expenses\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>real-time expense management software<\/strong><\/a> and take your financial tracking to the next level.<\/p>\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 enewsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div 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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-za\/blog\/tag\/accountants\/\" 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-za\/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-za\/blog\/tag\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness 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topics\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<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-76509 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership category-trends-insights tag-employee-benefits tag-employing-people-for-the-first-time tag-hr-payroll tag-trending-topics 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=\"1200\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/The-HR-Payroll-Leaders-Report-CTA-Image-1200x810.jpeg\" class=\"card-post__image\" alt=\"A woman looks to camera with the Sage glow line in the background.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/The-HR-Payroll-Leaders-Report-CTA-Image-684x384.jpeg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/The-HR-Payroll-Leaders-Report-CTA-Image-768x518.jpeg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/The-HR-Payroll-Leaders-Report-CTA-Image-1200x810.jpeg 1200w\" 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=\"2026-07-29T10:39:40+02:00\">July 29, 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-za\/blog\/what-is-the-organisational-skills-gap\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tWhat is the organisational skills gap and how can businesses close it?\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\tDiscover how to identify and close the organisational skills gap. Learn practical strategies for workforce planning, skills development, internal mobility, and skills-based hiring.\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-74360 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-business-intelligence tag-profit-loss tag-staying-competitive tag-trending-topics business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/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=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-684x384.jpeg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-684x384.jpeg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-768x512.jpeg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-1214x810.jpeg 1214w\" 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=\"2026-06-25T12:53:32+02:00\">June 25, 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\">12 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\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-76381 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership category-technology-innovation tag-artificial-intelligence tag-business-management tag-hr-payroll tag-trending-topics 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-za\/blog\/what-is-ai-in-hr\/\"\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-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-684x384.jpg\" class=\"card-post__image\" alt=\"A woman stands in front of the Sage glowline with a black background.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-768x432.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-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=\"2026-06-23T13:19:28+02:00\">June 23, 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\tWhat is AI in HR and how can you use it responsibly?\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-76358 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-profit-loss business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-reports-guide\/\"\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-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg\" class=\"card-post__image\" alt=\"Two businesswomen looking at report on tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-1064x810.jpg 1064w\" 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=\"2026-06-04T12:39:10+02:00\">June 4, 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\tThe ultimate guide to accounts payable reports and reporting\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-76331 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-business-management tag-profit-loss tag-staying-competitive tag-tax business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-process\/\"\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-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-1064x810.jpg 1064w\" 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=\"2026-06-04T11:51:14+02:00\">June 4, 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\">8 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\tWhat is the accounts payable process? Steps, workflow and how to improve it\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>Wondering how to keep track of business expenses? Understanding why it\u2019s important\u2014and following a few best practices\u2014will help you manage the process smoothly and keep your finances on track.<\/p>\n","protected":false},"author":1774,"featured_media":72609,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"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":[25,27],"tags":[294,313,315,188,189,335,336,208,209,214],"business_type":[2,3],"lilypad":[],"context":[],"industry":[],"persona":[12,15,16],"imagine_tag":[52,63,353,68,83,84,85,86],"coauthors":[401],"class_list":["post-73552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","category-strategy-legal-operations","tag-accountants","tag-bookkeeping","tag-business-intelligence","tag-expenses","tag-financial-insights","tag-making-financial-decisions","tag-moving-money","tag-saving-money-in-business","tag-staying-competitive","tag-trending-topics","business_type-small-business","business_type-medium-business"],"sage_meta":{"region":"en-za","author_name":"Yassir Malik","featured_image":"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2024\/11\/iStock-1210684755-1218x810-1.jpg","imagine_tags":{"52":"Accounting software","63":"Business intelligence","353":"Costs and cash flow","68":"Grow your business","83":"Growing business","84":"Midsized business","85":"Small business","86":"Start up business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice South Africa","distributor_original_site_url":"https:\/\/www.sage.com\/en-za\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/73552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/users\/1774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/comments?post=73552"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/73552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media\/72609"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media?parent=73552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/categories?post=73552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/tags?post=73552"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/business_type?post=73552"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/lilypad?post=73552"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/context?post=73552"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/industry?post=73552"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/persona?post=73552"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/imagine_tag?post=73552"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/coauthors?post=73552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}