For effective budget planning, it is important to understand how you spend your money and evaluate your overall spending areas. To do this, it is important to track expenses and spending.
I feel this can be made more efficient by using a software tool/solution, and investing in a solution to streamline business expense tracking and is inexpensive. It makes the tracking process more manageable as accurate reports can be generated with insightful graphs and statistical data. This makes it helpful to calculate monthly expenses.
I recommend Concur Breeze expenses tracking software that allows for efficient tracking of business expenses.