Expense Report
It can be easy to lose track of money. On any given day, we spend on various things whether it is important or not. As individuals or as groups, we need something to help us keep a record of our various expenses. Having said that, an expense report is just what anybody will need for that exact purpose. If you’ve never encountered this before, then you’re in luck. Read on to learn about this useful document and to choose the best expense report template from our extensive list.
Expense Report Form Example
Travel Expense Report Template
Auto Expense Travel Report Template
Construction Auto Expense Report Template
Monthly Expense Report Template
Trip Expense Report Template
Employee Expense Report Template
Business Expense Report Template
Simple Expense Report Template
Monthly Expense Report Template
Travel Expense Report Template
Business Expense Report Template
Travel Expense Report
Travel Expense Audit
Business Expense Report Example
Small Business Report
Business Travel Expense Report
Monthly Business Income and Expense
Mileage Expense Report
Monthly Foster Parent Mileage
Monthly Expense Reports
Routine/Monthly Travel Expense Report
Printable Monthly Expense Report
Personal Expense Report Samples
Monthly/Quarterly Personal Expense Report
Personal Business Expense
Annual Expense Reports
Annual Budget Report
Annual Business Expense Report
Event Expense Reports
Expense Summary Report Example
Expense Claim Summary
Monthly Report
Weekly Expense Reports
Printable Weekly Expense Report
Sample Weekly Expense Report
Generic Expense Report
Generic Travel Expense
Employee Expense Report Samples
Free Employee Expense
Employee Monthly Expense
Employee Travel Expense Example
Sales Expense Report
Monthly Sales Expense Report
Daily Expense Report Examples
Record of Daily Expenditure
Office of Finance
Project Expense Report
Standard Expense Report
Vehicle Expense Report Sample
What Is an Expense Report?
An expense report, by its own simple definition, is a professional business report that details an individual’s exact expenses for documentation purposes. These tend to come from corporations that are spending on behalf of their employees. With an expense report, one can easily learn about where your employee has been, what he or she has spent on, and how much. There are multiple variants of these reports, with each serving its own unique purpose. A monthly expense report, for example, keeps track of all expenses within a given month. Then there’s the travel expense report, which helps document everything that’s been spent by an individual on any given business trip. There’s also the employee expense report, which is centered on a specific individual and his or her expenses.
How to Create Your Own Expense Report
Although you can easily download a printable expense report template, there’s nothing quite like learning how to make your own management report from scratch. Whether you decide to utilize an expense report software or write it up with more common programs, the following steps should prove to be of great use to you regardless:
Step 1: Start with Company or Personal Details
Before you begin with the nitty, gritty details, you must first enter your company’s details. This is usually found at the top of the document. Write down your company’s name, perhaps include the company logo, and insert the date and name of the person whose expenses you are tracking.
Step 2: Work on the Necessary Columns
There are multiple columns that need to show up on the expense report. Each column plays its own contributing role, so be sure to have the following: date of the items or service bought, the vendor, the client, the project, the account, the amount, and notes. You may want to include extra columns, although that will depend on the type of expense account you are working on.
Step 3: Insert the Itemized Expenses
This is where you need to get really specific with your details. Having already written the columns, now comes the part where you must list down the actual purchase order in chronological order. Remember not to skip out on things like the quantity of the items bought or the exact place where it was purchased from.
Step 4: Attach any Existing or Necessary Receipts
To complete the creation and use of your expense reports, it helps if you can somehow attach the receipts to it. This may or may not be necessary, depending on your company policy. Regardless, doing so will help with the documentation aspect of the reports at least.
FAQs
Why are expense reports needed?
Expense reports are useful in managing and keeping track of a company’s financial report status. By keeping track of all the expenses made by the employees for the company, the head of the company will be able to know if the company’s finances are being spent accordingly.
How does an expense report differ from an invoice?
The former serves as a form of employee report to serve as a tracker of expenses and as a determinant for any reimbursement. On the other hand, an invoice or a sales invoice in an instrument which, in most cases, demands payment from the buyer.
How can you better manage your expense reports?
There are a few ways for you to better manage your expense reports, with some examples being: setting clear policies on reports, providing clear training on the creation process, and auditing your expenses regularly.
Are you going to download a simple expense report template from our list, or is writing up your own sample expense report more appealing to you? Now that you’ve read our article from start to finish, that question should be much easier to answer. Take all of your newly acquired knowledge and be sure to put it to good use. Act now and you’ll be that much closer to keeping better track of your finances from here on out.
Share :
