Business Expense Report
A business expert report is a form used to track business spending. A business expense report is the most commonly completed by employees to itemize expenditures for which they are requesting reimbursement. In an expense report, the employer can then record the reimbursed amounts as a business expense, which factors into the amount of accounting profit and taxable profit recognized. As shown in the business expense diagram, an expense report can include a number of company-specific information fields, but usually requires at least date, the nature of the expense, the amount of the expense, the account to which the expense should be charged, a subtraction for any prior advances paid to the employees, and the grand total of the amount of reimbursement requested.
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