So, you've understood what expense reports really are and found out more about their purpose. What should be included in an expense report?

Finally, employees submit the completed report to their employer or company bookkeeper, who writes them a check to reimburse the listed expenses.

Employees attach the expense-related receipts to the expense report, to serve as proof that the amounts listed in the report match the actual amounts spent.

Each time employees on business duty pay in cash, they use an expense report to itemize their expenditures.Here's how expense reporting works in more detail: Money spent on lodgings during business travels.Money spent on business lunches and dinners with clients, or.Money spent on means of transportation during business travels,.Money spent on gas during business travels or for running everyday business errands,.

Notable examples of items that should be included in an expense report include: However, expense reports can also be used to: This record usually serves as a basis for a cash reimbursement request for the amounts employees spend while on a particular business duty. An expense report is a form that lets you track all business-related costs - from employee-incurred expenses to project-specific costs.

Basic monthly expense spreadsheet excel