cookingwithlove
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You can add categories to P3 for those expenses, just keep receipts. Mileage is already in P3. In fact, there's a place to enter it on each show. I really like using P3 to track all my expenses, because the report it generates is so handy for tax time.cookingwithlove said:I need to be more prepared next year. Does anybody have a good spread sheet for compiling expenses. I use PP3 for most of the expenses, but what about the mileage, gas, phone...
Thanks for any insights!
chefann said:You can add categories to P3 for those expenses, just keep receipts. Mileage is already in P3. In fact, there's a place to enter it on each show. I really like using P3 to track all my expenses, because the report it generates is so handy for tax time.
Yes...I add in my receipts for testing food, mileage for team meetings and other "non show" mileage, my new GPS system, etc.cookingwithlove said:I thought I had to tie the expense to a show in PP3, but it sounds like I can just add random expenses? Is this correct, if so can you tell me how?
To effectively track your expenses for the upcoming year, start by creating a budget with your expected income and expenses. Use a spreadsheet or budgeting app to enter your expenses as they occur, and regularly review your spending to make adjustments if needed.
Small expenses can add up quickly, so it's important to track them as well. Consider using a mobile budgeting app to easily enter and categorize your small expenses, or keep a small notebook with you to jot down expenses as they occur.
The frequency of tracking your expenses depends on your personal preference and lifestyle. Some people prefer to track daily to stay on top of their spending, while others may find it easier to track weekly. Choose a frequency that works best for you and stick with it.
To make expense tracking less time-consuming, consider automating the process as much as possible. Use budgeting apps or online banking tools to automatically categorize and track your expenses. You can also set up email or text alerts for when you reach certain spending limits.
If you go over your budget, don't panic. Take a look at your expenses and see where you can make adjustments. You may need to cut back on non-essential expenses or find ways to save money in other areas. Remember to always prioritize your essential expenses first.