Expense reports are an essential part of any successful business. These documents help track spending, ensuring that resources are allocated in the most efficient and cost-effective way. By defining a business purpose for each expense report, companies can make sure that money is being spent appropriately – and where needed. A business purpose is essentially a statement outlining the reason why a particular expense was made. It should provide clear context for the expenditure, such as its intended purpose or impact on the business. It’s important to be as specific as possible when describing the rationale for the expenditure – this helps keep costs in check and expenditures transparent.