Bookipi University
  • Home
  • Learn
    • Tutorials
    • Small business tips
    • Tax
  • Success Stories
    • Customer success stories
    • Bookipi stories
    • Get your business story featured
  • Download App
    • iPhone
    • Android
  • Invoice Template
  • Home
  • Learn
    • Tutorials
    • Small business tips
    • Tax
  • Success Stories
    • Customer success stories
    • Bookipi stories
    • Get your business story featured
  • Download App
    • iPhone
    • Android
  • Invoice Template

Bookipi University

tutorials & business success stories

BusinessLearnTutorials

The EASIEST way to track business expenses

by Team Bookipi April 9, 2019April 16, 2019
written by Team Bookipi April 9, 2019April 16, 2019
The EASIEST way to track business expenses

If you’re starting a new business or already are a small business owner, you’ll need to know how to track business expenses. Keeping track of your business records can be both time-consuming and hard which makes it a battle for many business owners. However, you’ll know by now that it’s absolutely necessary if you want your small business to be successful. 

Handwritten records are not ideal. They get destroyed easily and there always seems to be something missing. Besides that, they’re outdated and with the introduction of the internet and the direction business is moving in, they just aren’t suitable anymore.

Records on Excel are no better. Going into the program every time you make a purchase takes time and effort that many small business owners simply don’t have to spare. Not to mention, these files are always being lost or deleted which can be detrimental to your business. Simply put, they’re a headache just waiting to happen. 

Imagine how easy it could be if there was a mobile app that you could record all your expenses on instantly.

Now, imagine if this also backed up online.

Bookipi’s expense tracker does this and more because we believe that expense tracking shouldn’t be hard or expensive.

In this article, you’ll learn how to track all of your business expenses using our expense tracker. We’ll also fill you in on some of our features so you can make the most of our app.

How to add an expense:

  1. Click add a wallet. From here, name your wallet and set it to the business category.
  2. To add an expense or income, touch the plus button.
  3. Add the expense or income amount. You can also choose a category for this expense by pressing the circle icon next to this.
  4. Select the date and enter the store name or a note as necessary. 
  5. Click the tick button and you’re done. You’ve tracked your first expense!

How to set a budget:

  1. Click the budget tab (looks like a dollar bill).
  2. Select ‘Create Budget’.
  3. Enter the budget amount. Next, select the time frame (monthly or weekly), turn on notifications and choose the categories included in the budget.
  4. Press the tick button and you’re done. You’ve set your budget!

Features you’ll love:

  • Your wallet lists all the expenses that you’ve made. This means that you can go back and look at them anytime.
  • Edit or delete expenses if you make a mistake or want to remove something.
  • Choose from a variety of expense and income categories. If we don’t have the right category, add your own!
  • We automatically generate graphs to show you what proportion of your money is going to a certain expense type and how you’re earning your income.
  • See how much and what proportion of your budget you’ve used up (or if you’ve gone over).
  • Edit start balances and currency types in the settings section.
  • The cloud system backs up all your expenses so you don’t have to worry about losing any data. This also means that you can access your wallet on any mobile device by logging into your account on the app.
  • Add multiple wallets if you’d like to keep certain expenses separate.
  • If you’re using our invoice app, you can sync this data with the expense app.

If you’d like to watch any of our video tutorials, check out Bookipi University and we’ll walk you through all the fine details. We’ve attached one for you below to get you started!

Bookipibusinesshow to track business expenses
Team Bookipi

We're working for you.. Probably from a small cafe somewhere.

previous post
5 simple steps to connect your bank to Bookipi Expense
next post
Bookipi users: Vote for features!

You may also like

Use wallets and add expenses by following these...

March 31, 2019

The 5 simple steps to sync Bookipi Expense...

February 12, 2019

How to create a report in 5 seconds...

August 27, 2018

How to send an invoice in 1 minute

August 28, 2018

The SIMPLEST invoice explanation you will ever read

April 4, 2019

How to send invoices straight from Gmail using...

September 28, 2018

Bookipi Invoice Generator Template and Chrome extension

November 1, 2018

5 simple steps to connect your bank to...

April 9, 2019

How to record a partial payment

August 27, 2018

Transfer between wallets using 4 easy steps

March 31, 2019

About Bookipi

About Bookipi

Hello,

We've freed over 260,000 freelancers & small businesses from tedious bookkeeping. Thank you for your support. Bookipi is now available on iOS, Android, Windows, MacOS, Gmail Addon and Chrome Extension. Check out our browser Invoice Template. Check out our new Expense Tracker App. We're developing a Single Touch Payroll Software to support the on going needs for small businesses.

Keep in touch

Facebook Twitter Google + Instagram Linkedin Youtube

Recent Posts

  • Brought to you by Bookipi: Payroller

    May 23, 2019
  • Bookipi users: Vote for features!

    April 15, 2019
  • The EASIEST way to track business expenses

    April 9, 2019
  • 5 simple steps to connect your bank to Bookipi Expense

    April 9, 2019
  • The SIMPLEST invoice explanation you will ever read

    April 4, 2019

Categories

  • Accounting and Bookkeeping
  • Bookipi Expense Tutorial
  • Bookipi Invoice Tutorial
  • Bookipi stories
  • Business
  • Customer success stories
  • Finance
  • Invoicing
  • Learn
  • New features
  • Small business tips
  • Success Stories
  • Tax
  • Tutorials
  • Update notes
  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
Footer Logo

© 2018. All Rights Reserved Invoice Bee Pty Ltd | Privacy policy | Terms of service | Single Touch Payroll coming soon


Back To Top