👉 Expense computing refers to the process of tracking, categorizing, and managing financial expenses in real-time or at regular intervals for businesses. It involves using software tools to automatically capture and record expenses through various methods like receipt scanning, manual entry, or integration with bank accounts and payment platforms. These tools then categorize expenses based on predefined or customizable categories, allowing businesses to analyze spending patterns, generate reports, and gain insights into their financial health. Effective expense computing helps organizations control costs, optimize budgets, and make data-driven decisions to improve financial performance.
