An Annual Expense Report is an accounting statement that reflects the financial costs associated with running a business for a given year. It includes items such as wages, benefits, office supplies and other operating expenses. It can also include capital expenses associated with new equipment or buildings. By tracking and analyzing annual expense reports, businesses can identify areas where money is being spent excessively, and make adjustments to budget for more efficient spending in the future. Investing in sound expense reporting practices will help ensure your business’s bottom line stays safe and healthy!