This template is perfect for organising your business expenses in the one place.
This template is perfect for organising your business expenses in the one place. This template is a simple way to track your expenses that becomes quite powerful as you use it more and more. Tracking your business expenses with Notion will your business!
What you need before purchase
After purchase you’ll be able to view the template immediately. The template can added to your Notion account by:
For ongoing use, the steps are:
Businesses need a solid process for managing employee expenses in order to track everything from travel and entertainment to office supplies and consumables. It ensures that employees can keep track of what they’ve spent and get reimbursed quickly, while business owners get their tax filings done accurately and on time — after all, it’s your hard-earned money they’re spending.
Create your own expense report in Notion for employees to fill out so they have a step-by-step guide to follow. This will help them remember everything you need tracked, while also eliminating any mistakes that can be made when taking notes on loose pieces of paper or sending potentially unclear emails back and forth.
Having a formal expense policy also ensures that everyone will be playing by the same rules. Employees’ job duties should be outlined in their performance reviews, so make sure to factor in company expenses when tallying up what they’ve accomplished for you lately. If someone is breaking the rules or abusing the expense policy, they should be reprimanded.
Here are some more reasons why businesses need a solid business expense tracking process:
The right business expense tracking process will be a lifesaver when it comes time to do taxes. If you filed without using an expense tracking system, the tax department will definitely not appreciate this fact. Keeping solid records from the start is key.
Start with our business expense tracking template in Notion, which includes a list of common expenses employees might have incurred during the year. Have them fill it in after every business trip, project, etc., to make life easier for everyone involved when tax time comes around (and yes, that means less work for you, too).