oboloo Glossary

Business Expense Report

oboloo Glossary

Business Expense Report

A Business Expense Report is a report submitted by an individual or organization to document and track expenses over a specified period of time. It provides a detailed breakdown of each transaction or purchase, consisting of itemized amounts, receipts, purpose of purchases, and anything else needed to accurately document expenses. This report aims to provide a complete accounting of all costs associated with running the business, allowing for better budgeting and financial management in the future. A well-maintained Expense Report can be a valuable resource for managers, helping them to make more informed decisions when it comes to financial planning.