It’s also important to include a signature line for approval and contact information for the person requesting reimbursement. Any advance payment for costs should be listed and subtracted from the total cost of reimbursement. If the report is specifically for travel, it may include information about the destination and reason for travel. Expenses may be separated into categories, such as mileage, meals, hotel costs, or employee training.
It will typically include an itemized list of expenses along with a description for each item. Collecting expense reports from employees on a weekly or monthly basis can safeguard against budgeting errors and helps ensure that money is being well spent.ĭepending on your business needs, an expense report may be lengthy and detailed or a simple form. Providing receipts for all expenses listed on a report helps prevent mistakes and prepares businesses for filing taxes and completing audits.
An expense report provides an accurate record of business costs, which is important for budget planning and tax reporting. For example, you can use an expense report to track mileage and gas used on the job, meetings with clients that include meals or other entertainment, or even office supplies purchased by an employee. But an expense report can also be used to document any business expense for which an employee needs to be reimbursed. No-code required.Īn expense report is commonly used for recording business travel expenses such as transportation, food, lodging, and conference fees. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.It just takes seconds and a few clicks to access them. Expenses are captured on the cloud in real-time. All expense features save you time by automating expense creation, monitoring and simplifying decision-making. This tool will customize, filter and organize expense data by expense category, vendor, author of expense, client or project. In case your business expenses are on Expensify, Shoeboxed or Concur, within seconds, you can painlessly integrate them on MoneyPenny.Īnd when you need more than a scan receipt feature – for instance, you’re interested in an overview of your business spending, the Expense Report is your safe bet.you can email us the details at and we’ll create the expense for you.
BUSINESS EXPENSE TRACKER HOW TO
How to track business expenses with MoneyPenny?