A move to get authorities to publish details of all their spending above £500 has been welcomed by bosses at Hyndburn Council.
The government plans to bring in the rule in a bid to encourage councils to be more transparent.
Communities secretary Eric Pickles said it would be a "good way for councils to reflect local need".
He added: "The swift and simple changes we are calling for today will unleash an army of armchair auditors and, quite rightly, make those charged with doling out the pennies stop and think twice about whether they are getting value for money.
"Organisations that might have been effectively locked out before, including voluntary sector and small business, will be in a much stronger position to pitch for contracts and bring new ideas and solutions to the table."
The move has been welcomed by Hyndburn Council Leader Peter Britcliffe.
He said: "I don’t see any harm in this as people have a right to know how their Council Tax is paid.
"We know only too well details of some of the silly things socialist councils in the past were spending their money on.
"It is good that people will know where the money goes and I welcome this."
According to the timetable announced by Mr Pickles, by September councils will be expected to make details of spending above £500 on all goods and services available for the public to "see and scrutinise".
This would include such items as car hire, software, consultancy fees and utility bills.
The Department for Communities and Local Government says all councils "should be doing this as a matter of course by the start of next year", as well as publishing invitations to tender and final contracts on projects over £500.