The simplest way to track business expenses on your phone

The core habit: photograph receipts immediately

The moment you pay for something business-related, take a photo of the receipt. Don't save it to follow up on later. Log it right now.

In Morgan AI, tap + → Scan receipt. The app reads the vendor and amount automatically. You confirm, pick a category, and you're done in about 20 seconds.

Category discipline matters

Keep your expenses in the right categories from the start. Common ones for service businesses:

• Materials & supplies: anything you buy for a job
• Fuel & transportation: gas, parking, public transit
• Tools & equipment: things you use repeatedly
• Software & subscriptions: apps, software, online tools
• Professional fees: accountant, lawyer, subcontractors

What counts as a business expense?

A business expense is any cost you incur in order to earn income. Gas for driving to client locations, your phone (if used for business), tools and equipment, and business insurance are all examples.

Monthly review: 15 minutes, huge value

Once a month, spend 15 minutes looking at your expenses by category. Check your credit card statements and add anything that wasn't recorded.

The payoff at tax time

A well-organized expense record means you can hand your accountant a clean export from your app and spend hours, not days, on your taxes.