Expenses
How expenses affect profit
Understand how business expenses reduce profit in the dashboard and reports.
Expenses are costs paid by your business. They reduce your business profit.
Basic idea
Bizwazi estimates profit by comparing money earned from sales with money spent on expenses and business costs.
Examples of expenses
- Transport.
- Stock or supplies.
- Rent.
- Utilities.
- Repairs.
- Marketing.
- Wages.
Why correct expense records matter
If you forget to record expenses, profit may look too high. If you enter an expense twice, profit may look too low.
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Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.