An expense report typically has columns such as: 1. Date: the date the item was purchased 2. Vendor: where the item was purchased 3. Client: what client was the item purch… See more

In small businesses, expense reports are used for tracking expenses when employees pay out-of-pocket for business expenses. The employee’s expense report will itemize … See more

Taxes are another big reason small businesses need to use expense reports. Many business expenses are tax deductible. What you can deduct depends on the natu… See more

Expense reports are also crucial for helping track work-related expenditures. With an accurate expense report system, an owner can accurately and efficiently reimburse employees … See more