There are costs associated with doing regular business. Some of those costs are incurred directly by employees. Businesses use expense reports to track the amounts employees spend to do their jobs; employees are reimbursed for those business expenses. Expense reporting not only allows companies to mitigate cash flow but it is also invaluable at tax time.
What is an Expense Report?
An expense report is a form used to track money employees spend on business expenses. The form itemizes expenditures eligible for reimbursement. Receipts are typically also attached. Many companies use an expense report template to simplify the process