Expenditure management refers to the process of planning, monitoring, and controlling an organization's spending. It involves analyzing costs, setting budgets, and ensuring that resources are used efficiently to achieve financial goals. Effective expenditure management helps organizations avoid overspending and allocate funds to priority areas. This practice is essential for both public and private sectors, as it promotes financial accountability and sustainability. Tools such as budgeting software and financial reports are often used to track expenses and assess performance. By maintaining a clear overview of expenditures, organizations can make informed decisions and improve their overall financial health.