Managing Those “little” Expenses

by Tracey Hrica, EA Nov 15, 2019 | Share

Small businesses are constantly concerned with cash flow.  One of the areas that can have a negative impact on your cash flow, is undermanaging the seemingly “little” expenses.

Here are some areas you should keep an eye on throughout the year.  Although it may seem like pennies on the dollar, saving on these expenses can make a difference on how successful your year is.

  • Credit Card Fees – Have you reviewed what you are paying in credit card fees lately? We recently changed our credit card processor and learned if you become PCI compliant, and able to accept a chip card, it can reduce your monthly fees.  If you have questions, let us know, and we will be happy to refer you to our processor.
  • Bank Charges – When was the last time you did a review of your bank charges?  As a business owner, you should always know how much, and for what you are being charged.  Do you have overdraft charges? If you are bouncing checks, something must change. Managing your cash flow is key to running a successful business.
  • Freight and Postage – How closely do you monitor your shipping charges? Have you checked into which service provider is the better fit for your shipping needs?  Are you managing your time to avoid the additional fees for “express” shipping?  Are there things that can be emailed or accessed online that can save postage costs?
  • Office Expenses – What are you spending on copy paper, pencils, pens, and other miscellaneous office supplies?  Since these are usually lower cost items, we tend to thing “it’s only a few dollars.”  We get in the habit of reordering what we have always bought from the vendor we have always used.  If you don’t have time to “shop around” for every order, at least schedule a time every few months to compare prices.  Also, implement procedures in your office to eliminate waste, and to avoid rush orders.
  • Meals and Entertainment – I should just say meals, as deductions for entertainment were eliminated with the Tax Cuts and Jobs Act.  As a business owner, beware that now, more than ever this is a big red flag area for the IRS.  We frequently hear business owners say, “I’ll just write that meal off as a business expense.”  A word to the wise – make sure you keep the receipt of the meal, and itemize on the receipt who you met with, and what you discussed.  Although it may be a deductible expense, the burden of proof is on you!  Also, set a monthly budget for these expenses.  If you budget $200 you will be less likely to overspend and compromise the success of your company.In the end, it’s all about cash flow.  If you can be a little more aware of how you spend your money, it can go a long way in creating or improving cash flow in your business.

In the end, it’s all about cash flow.  If you can be a little more aware of how you spend your money, it can go a long way in creating or improving cash flow in your business.

About the Author

Tracey Hrica, EA

Tracey Hrica joined the firm in 1995. She is an Enrolled Agent(EA), which enables her to prepare personal and business tax returns and represent clients before the IRS.

See all blogs


  • Randell Raneses Reply

    I just want to tell you that I’m newbie to blogging and site-building and certainly enjoyed your web-site. Probably I’m planning to bookmark your website . You amazingly have impressive stories. Thanks a lot for revealing your webpage.

    August 11, 2020 at 1:32 am
  • Blanca Reply

    What a material of un-ambiguity and preserveness of precious familiarity concerning unpredicted emotions.
    adreamoftrains hosting services best hosting

    August 11, 2020 at 11:42 pm
  • Christy Reply

    Piece of writing writing is also a excitement, if you be acquainted with afterward you can write otherwise it is complex to write.

    Review my site – hosting services

    August 14, 2020 at 9:03 am
  • Kina Reply

    Wonderful article! That is the type of information that
    are meant to be shared around the net. Shame on the seek engines for now not positioning this post
    higher! Come on over and talk over with my site .
    Thanks =)

    Also visit my site … web hosting company

    August 14, 2020 at 12:36 pm
  • Terry Bagnaschi Reply

    I just want to say I’m beginner to blogging and site-building and actually loved your website. Probably I’m going to bookmark your site . You surely come with excellent writings. Bless you for sharing with us your web-site.

    August 17, 2020 at 8:57 am
  • does viagra prevent premature ejaculation Reply

    An excellent share, I just given this onto an associate that was doing a little analysis on this. As well as he in fact acquired me breakfast because I discovered it for him. smile. So let me rephrase that: Thnx for the reward! Yet yeah Thnkx for investing the time to discuss this, I feel strongly about it as well as love learning more on this topic. If possible, as you end up being knowledge, would you mind upgrading your blog with even more information? It is very handy for me. Big thumb up for this blog post!

    August 22, 2020 at 9:26 am
  • Dale Reply

    It’s really a nice and helpful piece of info. I’m satisfied that you shared this useful information with us.
    Please stay us informed like this. Thank you for sharing.

    Also visit my web page … cheap flights

    August 24, 2020 at 12:21 am
  • pitkävetovihjeet Reply


    August 24, 2020 at 1:20 am
  • Candra Reply

    Wow, that’s what I was looking for, what a stuff!
    present here at this web site, thanks admin of this website.
    3aN8IMa cheap flights

    August 24, 2020 at 9:11 pm
  • emerging female Abstract artist Reply

    The recipient of numerous awards and included in numerous private and corporate collections, Parrilli’s work has been exhibited extensively throughout the U.S. including solo exhibitions at the Walter Wickiser Gallery, NY, The Ezair Gallery, NY, Marymount College, NY, Preston Contemporary Art Center, NM, The Fine Arts Building Chicago. Juried invitational group exhibitions at the Hunter Museum of Art, Chattanooga, TN, and Cork Gallery, NY.

    August 25, 2020 at 5:18 am
  • Jasmine Reply

    Hi are using WordPress for your blog platform?

    I’m new to the blog world but I’m trying to get started and create my
    own. Do you require any html coding knowledge to make your own blog?
    Any help would be greatly appreciated! 32hvAj4 cheap flights

    August 25, 2020 at 6:58 am
  • Stacy Reply

    Hello There. I found your blog using msn. This is
    a very well written article. I will make sure to bookmark it and
    come back to read more of your useful information. Thanks for
    the post. I will definitely return. cheap flights yynxznuh

    August 25, 2020 at 3:21 pm
  • Kimber Reply

    Hello there! Do you use Twitter? I’d like to follow you if that would be ok.
    I’m definitely enjoying your blog and look forward to new
    updates. cheap flights 34pIoq5

    August 25, 2020 at 5:59 pm
  • Shellie Reply

    Hi there, always i used to check blog posts here early in the
    dawn, because i enjoy to gain knowledge of more and more.

    Also visit my web-site … cheap flights

    August 26, 2020 at 5:38 am
  • Carmon Reply

    Fantastic goods from you, man. I’ve understand your
    stuff previous to and you’re simply extremely excellent.
    I actually like what you have acquired here, certainly like what you are stating and the
    way by which you say it. You’re making it entertaining and you continue to care
    for to stay it sensible. I cant wait to read much more from you.
    That is really a terrific web site.

    My page – cheap flights

    August 26, 2020 at 6:28 am
  • Janessa Reply

    You are so cool! I don’t suppose I have read something like this before.
    So good to discover another person with some original thoughts on this subject matter.
    Seriously.. thanks for starting this up. This website is something that is
    required on the internet, someone with a little originality!

    cheap flights y2yxvvfw

    August 26, 2020 at 10:28 am
  • zatural cbd oil coupons Reply

    Area on with this write-up, I really think this internet site requires a lot more factor to consider. I?ll possibly be once again to review a lot more, many thanks for that info.

    August 26, 2020 at 8:07 pm
  • Hulda Reply

    Hello there! I could have sworn I’ve been to this website before but after reading through some of the post I realized it’s new to me.

    Anyhow, I’m definitely happy I found it and I’ll be
    book-marking and checking back frequently!

    my blog; cheap flights

    August 26, 2020 at 11:30 pm
  • Sheila Reply

    Howdy! I know this is kind of off-topic however I needed to
    ask. Does running a well-established blog like yours require a large amount of
    work? I am completely new to blogging however I do write in my journal
    every day. I’d like to start a blog so I will be able to share my own experience and thoughts online.

    Please let me know if you have any recommendations or tips for new aspiring bloggers.

    my site; cheap flights

    August 27, 2020 at 9:54 am
  • cv sciences cbd oil capsules Reply

    Place on with this write-up, I really think this internet site requires much more consideration. I?ll most likely be once again to read a lot more, thanks for that info.

    August 27, 2020 at 5:44 pm
  • Dena Reply

    Thank you for the good writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you! By the way, how could we communicate?

    my web-site :: cheap flights

    August 28, 2020 at 3:37 am
  • greenworks cbd oil Reply

    Your place is valueble for me. Many thanks !?

    August 28, 2020 at 4:44 am
  • Torri Reply

    Hello to every one, the contents present at this site are truly amazing for people knowledge, well, keep
    up the nice work fellows.

    Feel free to surf to my webpage … black mass

    August 28, 2020 at 8:03 am
  • Find Out More Reply

    There are some intriguing moments in this post however I don?t recognize if I see every one of them center to heart. There is some validity but I will certainly hold point of view until I consider it further. Good write-up, many thanks and also we want extra! Included in FeedBurner too

    August 30, 2020 at 10:01 pm
  • Tiffany Reply

    I do not even know how I ended up here, but I thought this post was great.
    I do not know who you are but certainly you are going to a famous
    blogger if you are not already 😉 Cheers!

    Also visit my webpage :: black mass

    August 31, 2020 at 3:00 am
  • Lakeisha Losh Reply

    Hey just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a formatting issue or something to do with browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the issue fixed soon. Kudos|

    August 31, 2020 at 5:53 am
  • 예스벳88 Reply

    Best view i have ever seen !

    August 31, 2020 at 10:30 am
  • YesBet88 Reply

    Love watching sunset !

    August 31, 2020 at 12:22 pm
  • Zelma Reply

    Hmm it looks like your site ate my first comment (it was super long)
    so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.

    I as well am an aspiring blog blogger but I’m still new
    to everything. Do you have any tips and hints for first-time blog writers?

    I’d really appreciate it.

    Here is my blog: best web hosting

    August 31, 2020 at 3:27 pm
  • 안전놀이터 Reply

    Love watching sunset !

    August 31, 2020 at 6:33 pm
  • 라이브 바카라 Reply

    Love watching sunset !

    September 3, 2020 at 4:55 am
  • 카지노 룰렛 Reply

    Best view i have ever seen !

    September 3, 2020 at 2:40 pm
  • 카지노 Reply

    Love watching sunset !

    September 3, 2020 at 9:39 pm
  • ilmaiset videot Reply

    ilmaiset videot, ilmaiset pornovideot, ilmaiset porno videot, porno video, porno videot

    September 4, 2020 at 6:59 am
  • Colby Walto Reply

    Your place is valueble for me. Thanks !?

    September 4, 2020 at 7:52 am
  • More Bonuses Reply

    I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a great day. Bye

    September 5, 2020 at 5:42 am
  • Irving Reply

    Thanks for the good writeup. It in fact was once a leisure
    account it. Glance complex to more brought agreeable from you!
    However, how could we keep in touch?

    Here is my page; best website hosting

    September 5, 2020 at 8:29 am
  • cbd oil Reply

    cbd oil

    September 5, 2020 at 12:46 pm
  • Fibre Glass Roofing Liverpool Reply

    I needed to send you a bit of word in order to say thanks once again about the breathtaking strategies you’ve contributed on this page. This has been quite remarkably generous with people like you to supply easily all many of us might have sold as an e-book to end up making some money for their own end, most notably now that you might have done it if you desired. Those suggestions likewise acted as a fantastic way to know that most people have similar keenness really like my own to see good deal more concerning this matter. Certainly there are several more pleasant instances up front for individuals who look over your website.

    September 6, 2020 at 12:31 am
  • building envelope solutions llc Reply

    We are building consultants. We perform roof assessments, window testing, and wall testing for quality assurance on new and existing buildings.

    September 6, 2020 at 6:09 am
  • Arlean Dogan Reply

    This is the best blog site for anyone who intends to find out about this subject. You recognize so much its nearly hard to say with you (not that I really would want?HaHa). You certainly placed a new spin on a topic thats been discussed for many years. Terrific things, simply fantastic!

    September 6, 2020 at 10:44 pm
  • casino Reply

    netticasinot, netticasino, casino, kasinot, nettkasinot

    September 7, 2020 at 5:57 am
  • cialis erections before urination Reply

    This is the best blog for any person that intends to learn about this subject. You recognize so much its practically hard to say with you (not that I in fact would want?HaHa). You definitely put a brand-new spin on a topic thats been covered for several years. Fantastic things, just great!

    September 8, 2020 at 3:18 am
  • click here Reply

    Wow, fantastic blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your web site is magnificent, let alone the content!

    September 8, 2020 at 9:24 pm
  • roofing toronto Reply

    September 9, 2020 at 8:14 am
  • officialkevindavid Reply

    I’m not sure why but this website is loading very slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later and see if the problem still exists.

    September 9, 2020 at 8:19 am
  • privatedogtraining Reply

    Yesterday, while I was at work, my cousin stole my iPad and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is entirely off topic but I had to share it with someone!

    September 9, 2020 at 9:08 am
  • overnight delivery cialis Reply

    When I originally commented I clicked the -Inform me when brand-new remarks are added- checkbox and now each time a remark is added I get four emails with the very same comment. Exists any way you can eliminate me from that service? Thanks!

    September 9, 2020 at 10:17 am
  • psychic free reading Reply

    Incredible points. Outstanding arguments. Keep up the great spirit.

    September 9, 2020 at 5:21 pm
  • click this Reply

    September 10, 2020 at 5:38 am
  • canadian sildenafil citrate suppliers Reply

    extremely wonderful message, i definitely enjoy this web site, keep on it

    September 11, 2020 at 2:20 pm
  • jonathan manzi Reply

    I cling on to listening to the news talk about getting boundless online grant applications so I have been looking around for the best site to get one. Could you advise me please, where could i find some?

    September 12, 2020 at 6:41 am
  • internetten para kazan Reply

    I must express some appreciation to you for rescuing me from this type of issue. Just after looking through the the web and meeting basics which are not powerful, I assumed my entire life was done. Being alive without the presence of answers to the issues you have solved all through the review is a crucial case, and those which may have in a negative way affected my entire career if I hadn’t noticed your web page. Your own personal understanding and kindness in controlling the whole thing was invaluable. I’m not sure what I would have done if I had not come across such a solution like this. It’s possible to at this time look ahead to my future. Thank you so much for your skilled and result oriented help. I will not think twice to recommend the sites to anyone who would need tips on this subject.

    September 12, 2020 at 6:50 am
  • roofing toronto Reply

    Great website! I am loving it!! Will be back later to read some more. I am taking your feeds also

    September 13, 2020 at 1:43 am
  • weblink Powerdot 2.0 muscle stimulator Reply

    Hey there would you mind stating which blog platform you’re using? I’m planning to start my own blog soon but I’m having a tough time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S Apologies for getting off-topic but I had to ask!

    September 13, 2020 at 8:21 pm
  • is sildenafil as effective as viagra Reply

    I was really happy to locate this web-site. I wanted to many thanks for your time for this terrific read!! I absolutely enjoying every little bit of it as well as I have you bookmarked to take a look at brand-new things you blog post.

    September 14, 2020 at 8:09 am
  • sildenafil citrate 20 mg side affects Reply

    There are some fascinating moments in this article however I don?t know if I see all of them center to heart. There is some validity but I will take hold opinion until I check into it further. Excellent short article, thanks and also we want a lot more! Contributed to FeedBurner too

    September 15, 2020 at 4:58 am
  • website Reply

    Hi there, You have done an excellent job. I’ll certainly digg it and personally suggest to my friends. I’m sure they’ll be benefited from this web site.

    September 15, 2020 at 6:23 am
  • cheap sex doll Reply

    Perfectly pent articles, thanks for entropy. “The bravest thing you can do when you are not brave is to profess courage and act accordingly.” by Corra Harris.

    September 15, 2020 at 6:50 am
  • check my blog Is reflex mastercard legit? Reply

    My partner and I absolutely love your blog and find many of your post’s to be what precisely I’m looking for. Would you offer guest writers to write content for you? I wouldn’t mind publishing a post or elaborating on some of the subjects you write about here. Again, awesome blog!

    September 15, 2020 at 8:28 pm
  • sildenafil before surgery Reply

    Nice post. I find out something extra challenging on different blog sites daily. It will certainly constantly be boosting to review material from other authors as well as practice a something from their store. I?d choose to make use of some with the content on my blog site whether you don?t mind. Natually I?ll give you a link on your internet blog site. Many thanks for sharing.

    September 16, 2020 at 12:11 pm
  • Click Here Reply

    Along with almost everything that seems to be building within this particular area, your viewpoints are generally quite stimulating. However, I beg your pardon, but I can not subscribe to your entire suggestion, all be it exhilarating none the less. It looks to everybody that your remarks are not totally validated and in simple fact you are yourself not really fully confident of your point. In any event I did take pleasure in reading it.

    September 17, 2020 at 2:46 am
  • sildenafil 25 mg review Reply

    Can I simply state what a relief to locate somebody who actually knows what theyre speaking about on the net. You most definitely understand how to bring an issue to light and also make it vital. More people need to read this and also recognize this side of the story. I cant think youre not more popular due to the fact that you absolutely have the present.

    September 17, 2020 at 9:27 am
  • write my essay Reply

    I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again

    September 17, 2020 at 8:21 pm
  • where can i get prescription drugs online Reply

    Would you be intrigued in trading links?

    September 18, 2020 at 8:44 am
  • Panties Reply

    You can definitely see your enthusiasm within the paintings you write. The sector hopes for more passionate writers such as you who are not afraid to mention how they believe. At all times follow your heart.

    September 18, 2020 at 3:33 pm
  • seo Reply

    Thank you for another informative blog. Where else could I get that kind of info written in such a perfect way? I have a project that I am just now working on, and I have been on the look out for such information.

    September 18, 2020 at 3:41 pm
  • Reply

    Hey there would you mind sharing which blog platform you’re using? I’m looking to start my own blog in the near future but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S Apologies for being off-topic but I had to ask!

    September 19, 2020 at 8:05 am
  • Dusty Sitzes Reply

    You can certainly see your skills in the paintings you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. At all times go after your heart. “Billy Almon has all of his inlaw and outlaws here this afternoon.” by Jerry Coleman.

    September 19, 2020 at 8:15 am
  • write my essay Reply

    September 19, 2020 at 2:21 pm

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Articles

Your Small Business: From A – Z, Volume 1: A-C

Do you ever wish you had a better understanding of...

Paycheck Protection Program (PPP) Report

PPP Lending Infographic  ...

Everything You Need To Know About Being Self-Employed

The state of unemployment in our nation is unpre...

Here’s What You Need to Know About QuickBooks Receipt Capture

Keeping track of receipts is a headache every smal...

6 Easy Steps to Get Your New Business Started

Is there something you are passionate about? Are y...