An expense report is a document which contains detailed information about expenditures made by the business or an individual for a project. This document is a sort of financial report which may be prepared for a department, an individual, a project or whole business depending on the nature of business and its size. An expense report format can be prepared to keep a check on personal expenditures also. Any business person may be asked to submit expense report for all money spent by him for a period of time so all working people should know what to include in an expense report. Main things on an expense report for a working person will include his name, designation, company information, title of report, time period for the report, individual expenses with description of each and total of all expenditures made.
An expense report can be defined as a formal written document generate by company for explaining the facts about expenses. This, simple report will contains detailed information about the expenditures of company. Mostly, an expense report may made by the business, but somehow it also prepared by the individual for explaining the expenses of their projects in a reasonable manner. Here, we can also call it as a precise document that in some way also noted as a financial report. In term of business, an expense report may be prepared by different departments of company. Nonetheless, the shape of this report maybe depends on the project type of business or the nature of expense report maker. No doubt, the essential purpose of preparing an expense report template is to keep a check on expenditures whether spent on personal or official purposes.
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