An expense report is a document used by businesses to track, classify and monitor their expenses. It’s an important tool for managing financial resources, ensuring all costs are tracked accurately, and staying compliant with legal requirements. Expense reports help businesses stay organized and efficient by providing clear visibility into where money is being spent. They also help identify trends, address discrepancies and uncover opportunities for cost savings. In short: an expense report is essential for any business striving to stay on top of its finances!