It's really important that you know how much you're spending and what you're spending it on.

Takeaways: ✅ Expense tracking is crucial for business owners to know exactly where their money is being spent. ✅ Categorizing transactions helps identify overspending and areas where adjustments can be made. ✅ Tracking vendor bills and paying them on time is important for maintaining a good reputation and potentially negotiating discounts. ✅ Using software like QuickBooks Online can simplify expense tracking and provide valuable financial insights. ✅ Business owners should take control of their numbers and seek professional help if needed.