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How to manage Expenses

Managing your money well is all about careful planning. It’s easy to let your spending get out of control if you don’t know exactly how much of your money is ‘disposable income’.

Expenses are the cost of your everyday operational expenses. Tracking and understanding how you spend your revenue either as an individual or business owner can help you grow and improve your financial health. 

The BrandDrive expense feature gives you valuable insight into what you spend on and when you make the expense.

Let’s go through all the steps to set up an expense on BrandDrive.

How to manage Expenses

BrandDrive/expense

To access the expense feature,

Step 1: Open your BrandDrive app.

Step 2: Click on the Expenses feature on the bottom left corner of the dashboard if you’re on the business account and the middle left if you’re on the personal side. 

On your expenses dashboard, you’ll have a summary of your monthly expenses at a glance.

If you have a long list of expenses and can’t go through them manually, type into the search box specific keywords from the expenses you’re looking for. You can also refine your search by including a date. 

How to manage Expenses

Step 3: To add new expenses

Click on the “new expense” at the top right corner of your dashboard. 

Step 4: Fill in your expense details

How to manage Expenses

Add a vendor: Type in the vendor name in the search box or add a new vendor.

Select payment method: Choose from the list of our payment drop-down.

Select a bank account: Select from the list of banks you’ve added to your BrandDrive wallet, or you can better select your BrandDrive wallet. 

Fill in a date for your expense and when you want to make the payment, like this: 

Fill in your expenses category, expenses description and amount, like this 

How to select Expenses category

You can add more expenses to your expense list by clicking “Add line and expense details.” 

How to  create expense type

Add a note: Add an expense description to your expense list. 

How to add note Expenses

Step 4: Save your expenses.

After filling in all the details of your expenses, click on the Save button to proceed, save, save and close, or save and record a payment.

How to save Expenses

Step 5: Congratulations! You just created an expense.

Careful expense management can help take the sting out of unexpected bills by making sure you have a pot of money to fall back on when you need it the most. 

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