A Detailed Expense Report is a formal document that provides an organized record of money spent for a specific purpose or project. It details expenditures related to materials, services, and personnel salary and shows the total cost incurred. This report is a key tool for businesses to stay on top of their spending, as it enables managers to keep track of every penny spent so they can accurately analyze the impact of their decisions. By creating a Detailed Expense Report, companies can make sure they’re making efficient use of their funds and reducing wasteful spending. In short, a Detailed Expense Report gives businesses insight into how costs are affecting their bottom line.