They should also attach receipts to the expense report. The employee’s expense report will itemize all their reimbursable expenses. In small businesses, expense reports are used for tracking expenses when employees pay out-of-pocket for business expenses. It’s completely free, allows you to start tracking expenses immediately, and contains columns for tracking a vendor’s name, taxes, notes, and more. Here at FreshBooks, we’ve developed a handy template for small business owners looking to save time when it comes to tracking expenses. That said, you will eventually want to upgrade to expense-tracking software that saves time, especially as your expenses grow with your business. Expense Report TemplatesĮxpense report templates are a quick solution to tracking expenses. Expense Report ExampleĮxpense tracking software from FreshBooks makes it easy to prepare your taxes, bill clients for expenses, and track project and company spending without much manual input. There’s a subtotal per expense category and then a grand total. This report generates expenses according to tax category, like rent (we’ll cover this below). Amount: total cost of the expense, including taxīelow is a basic expense report example.
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