An expense report is a comprehensive report or a list of expenditures produced in a specific time period. You can download multiple expense report templates here for free. Such reports can be prepared on monthly, quarterly or yearly basis. It is a detailed log of expenses recorded by an employee and conceded by an employer either for repayment or tracking of expenses. While it is noticeable that expenses are identified when they are acquired not when they are paid. It also helps the business or company to prevent unproductive costs and expenses to maximize the percentage of profits and revenues. These expense report templates are very much useful.
Every individual has to make various expenses on daily basis, whether you are an employer or an employee, a boss or a subordinate. Suppose you are an employee and you have to go on a business trip, there you pay for your expenses let’s say airline ticket, hotels, meals etc out of your pocket, you will prepare an expense report to record all these expenses, which latterly reimbursed by your employer. Expenses are not necessarily to be paid in cash sometimes, they might be charged to credit account. A detailed expense report can also be attached with reimbursement form to give the concerned person or employer all essential details about expenses made in the specific time period.
Furthermore, in accounting terms expense report is categorized into various types like selling expense report, administrative expense report, marketing expense report and so on. If you are an employer, by making expense report it will be easy for you to determine that how much money each sector of a company is costing. Now it’s quite easy for you to make your own expense report by using our free and handy expense report templates, just scroll down and choose any of expense report templates at your ease.