expense tracking

What are Common Pitfalls in Expense Tracking?

Some common pitfalls in expense tracking include:
- Underestimating Hidden Costs: Failing to account for indirect costs such as staff time and overheads.
- Inconsistent Tracking: Not maintaining regular and accurate records can lead to budget overruns and inefficiencies.
- Ignoring Small Expenses: Small expenses can add up over time, so it's important to track even the minor costs.

Frequently asked queries:

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