Business expenses are very important to track and appropriately enter into your bookkeeping system. Whether the expense comes from payroll, a loan, vendor bills, or the receipts we gather along the course of the day, that money has to be tracked properly. Knowing the amount of money you spend on any particular expense is crucial because this is how we know what financial decisions to make in the future. Do you currently know the figures for what money you are spending on what expenses? Updating your bookkeeping system on a regular basis is a great way for business owners to know how much a particular expense is costing them.