![]() |
Originally Posted by fandu:19863742
On a similar note, how do you guys in consulting manage this where you can use your own CC for expenses? Any ideas would be helpful
Or, I use separate cards. |
Whilst I haven't done it yet, I think for 2013 I am going to Excel business expenses as they happen on a per meeting basis - using whatever cards are most appropriate and popping in the details such as:
Travel Cost M&IE Person Met/Reason for meeting Credit cards used Etc Have one 'form' per meeting then a totals column that links to annual totals - for self employed filing at year end. I used to use just Biz cards for this but now I think its better to use the best card per bonus so this is better (plus I keep some cards that are doubles such as SPG Biz pure biz so easy to find those transactions). |
I keep a note in my phone, and when i make an expense i note the amount, date, card, what it was for. I use that note as a guide to make sure that i get everything that didnt go on the corp card into my expense report.
It's pretty basic but seems to work. Would love to find an app that would help me track the status of each transaction (as there may be a delay before i have an accounting code for some transactions so not all incurred expenses will be submitted at the same time) I've found it hard to keep track of unless i write down each transaction at the time since I'll use the same card for business/personal use and the same vendors for both as well (e.g. uber). |
Originally Posted by fandu
(Post 19863742)
On a similar note, how do you guys in consulting manage this where you can use your own CC for expenses? Any ideas would be helpful
|
I use Mint extensively to track and monitor expenses. With Mint, it has the ability to learn from past categorization too. There are a few other sites that work well, but I haven't used them personally - Pageonce is another one that comes to mind. Of course, Yodlee is the pioneer in this space. They still power most bank's money management systems.
|
Do people find mint.com to have accurate/useful categorizations? I used to use mint about 3-4 years ago but the categories were so consistently wrong that it was taking me forever to recategorize everything. That was back in the days of one credit card (quelle horreur!) so I would just look at the statement each month. I still manually look at statements but would love to use mint.com if they've improved their algorithms...
|
Originally Posted by crimson12
(Post 19867937)
Do people find mint.com to have accurate/useful categorizations? I used to use mint about 3-4 years ago but the categories were so consistently wrong that it was taking me forever to recategorize everything. That was back in the days of one credit card (quelle horreur!) so I would just look at the statement each month. I still manually look at statements but would love to use mint.com if they've improved their algorithms...
|
Mint has gotten a lot better over the past few years.
|
I use Excel and Mint.com. Once or twice a week I download transactions from my online accounts (Chase and AMEX) to the excel sheet. I type in my checking account balance then subtract my credit card balance and any bills I need to pay. If I have any reimbursable expenses for work I separate these out. This way I can make sure I'm not spending more than I have and can pay off the cards in full every month :) In the excel sheet I also track the date I applied for cards, the bonus categories, and annual fee amount.
I use Mint.com to see how much I'm spending in each category and try to stay on budget. |
I use MoneyWell, which is a Mac desktop application that does budgeting, automatic transaction downloads, and so forth (similar to Quicken, Mint, etc.).
The biggest pain is tracking spending on gift cards and prepaid cards, since those don't easily integrate with such tools. I've got various workarounds that are sort of okay, but not terribly convenient. |
| All times are GMT -6. The time now is 7:57 am. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.