An Expense Report is a formal record of business-related expenditure made by small businesses. It provides an overview of the company’s financial situation, and serves as a tool for tracking expenses over time. The report also serves to provide detail on the types of expenses incurred, and the amounts spent. For small businesses, it’s never been more important to keep an accurate account of your expenditure – but that doesn’t mean it has to be a tedious task! An expense report makes it simple to keep track of all those little purchases, so you can focus on running your business instead.