Expense Reports

Expense reports are reports that list various business costs. These costs are typically incurred by individual employees, units, or entire departments. Sometimes the expenses are project-based, sometimes they are ongoing. There are a few different kinds of expense reports, including T&E expense reports, monthly expense reports, and recurring expense reports. Each kind of expense report includes an itemized list of expenses, like meals, transport fares, and home office equipment. Accurate expense reporting helps businesses record department-wide and company-wide costs, which can then be reported (and often claimed) to state and federal governments in tax reports.

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