Value (sub-total) of each expense category – The total amount spent under each expense category.Employees can state if they have attached the receipts or not Receipts: Proof of expense such as bills or invoices.Vendor details: The name and details from whom the item was purchased.Read what can and cannot be claimed as business travel expenses here. Type of expense – There can be different expense categories as per your travel and expense policies such as transportation, accommodation, and incidental expenses.This should match with the date on the attached receipt Date of each expense – The date when the item was purchased.Employee details – The information of the employee who is filing reimbursement such as her name, department, designation, etc.The policies entail the spending limits for each type of expense and what happens if they spend out of policy.Īn expense report typically has the following sections or columns: All of these may be included in the expense report and be reimbursed as per the company T&E policies. For instance, if an employee is traveling for a business conference, she would use some means of transport, and incur many expenses during the trip such as meals, accommodation, and client meetings. Read on! What Is An Expense Report?Īn expense report is a formal document (paper or digital) that itemizes all expenses incurred during the course of performing job functions. Also, we share with you a customizable expense report template that you can use for your company.
#Expense report template how to
In this blog, we discuss with you what exactly an expense report is, its benefits, and how to create one. Also, it is important for businesses as it helps in tracking expenditure and filing taxes efficiently. What Are Expense Reports And Their Importance (+Free Expense Report Template)Īn expense report is a necessity for any employee who wants to claim reimbursement for any expense they have incurred for business purposes such as meals or mileage.
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