Although keeping tabs on all your businesses expenses may seem tedious, there are significant benefits to knowing exactly where your money is going. Apart from helping you to assess how well you’re managing your costs, it can help you to take advantage of any savings you can make through credit card incentives. And when it comes to reducing your tax bill, accurate records help you to maximize your deductions and provide the necessary proof of eligibility, says entrepreneur and investor John Rampton. In this article he shares his top tips for monitoring, tracking, and organizing all of your business expenses.
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