A Beginner’s Guide to Business Expense Categories

Apr 19, 2021

A Beginner’s Guide to Business Expense Categories

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As your business grows, so too will your expenses. These expenses will range from minor travel costsfilling up a rental car tank, for exampleto major investments like real estate or new equipment. 

If you want a clear picture of how your money moves within your business, then you need to start by sorting and categorizing your expenses.

Expense categories provide a variety of benefits for small business owners. Not only do they make budgeting easierthey can also streamline business tax filing. This guide will go over the benefits of keeping clear business categories and discuss which categories you might want to consider using. 

About the Author

Derek Miller

Derek Miller

Derek Miller is a writer specializing in entrepreneurship, small business, and digital marketing. His work has featured in sites like Entrepreneur, GoDaddy, Score.org, and StartupCamp. He’s currently the CMO of Smack Apparel, the content guru at Great.com, and a marketing consultant for small businesses.

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