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Why expense tracking matters

Every unrecorded expense is lost profit visibility and, often, lost input VAT you could have recovered. Tracking spending is how you know your true margins.

Expense categories

Grouping expenses — rent, utilities, salaries, supplies, travel, software, fees — lets you see where money actually goes and compare periods.

VAT / input tax on expenses

Many business expenses carry input VAT you may be able to recover. Recording the tax on each expense feeds your VAT/Tax Center and reduces your net VAT where allowed.

Cash & profit impact

An expense reduces cash when paid and reduces profit in your P&L. Seeing both helps you separate a timing problem from a margin problem.

• Paying cash and never recording it.
• Ignoring input VAT on expenses.
• Lumping everything into "miscellaneous".

How WasliPay helps

Log expenses by category with input VAT, and WasliPay reflects them in your VAT summary, cash flow and profit & loss automatically.

FAQ