Financial Management & Digital Accounting · Beginner level

Beginner level · Module 4 of 5 · 10 guided hours

Tracking and Controlling Expenses

Categorise expenses, understand fixed and variable costs and find savings.

Learning objectives

  • Categorise expenses consistently
  • Distinguish fixed and variable costs
  • Analyse expenses to find savings

Topics

  • expense categories
  • consistent coding
  • fixed and variable costs
  • petty cash
  • expense analysis
  • cost savings

Lessons

  1. Lesson 1 Expense Categories

    Group expenses consistently so totals and trends are meaningful.

    expense categoriescodingconsistencychart of accounts

  2. Lesson 2 Fixed and Variable Costs

    Understand how costs behave as activity changes.

    fixed costsvariable costssemi-variable costscost per unit

  3. Lesson 3 Petty Cash and Expense Analysis

    Control small cash expenses and analyse spending to find savings.

    imprest systempetty cash voucherstrend analysissavings

Practical activity

Categorise three months of expenses, classify them as fixed or variable and recommend savings.

Expected outcomes

  • Clear view of where money goes
  • Practical savings ideas

Assessment

Expense analysis checked for consistent categories and sensible recommendations.

Free taster lesson Tracking Business Expenses Read a free self-study lesson on this topic in the Free Course Library.

Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.