Expense Categorization

It’s the heart of bookkeeping. As a business owner, you have a lot of expenses and many of them are deductible according to the IRS. To maximize deductions and lower your tax liability, it’s essential to keep track of every single transaction. We work with our clients to understand common expenses and their categories. We advise on their current deductions and provide tax strategy and optimization but it’s not possible unless we understand the individual expenses and their categories.

Why Expense Categorization Matters
Putting your business expenses into the right buckets (like rent, supplies, or marketing) makes life much easier.

• You see where your money really goes.

• Taxes are simpler, and you won’t miss out on deductions.

• You can tell if your business is actually making money.

• It’s easier to plan, save, and grow.

Think of it like sorting laundry—when everything’s in the right pile, it’s faster and less stressful to deal with later.

Exchange endless hours of reviewing bank statements and receipts piling up for weekly expense categorization with monthly reporting sent directly to you.