What is an Expense? Meaning & Types

Having said that, the merits of expense reports are not restricted to reimbursement claims. They also make it easier for businesses to file tax returns, claim tax deductions, and complete audits. As the old saying goes, a well-organized business is a profitable business. Effectively tracking expenses with online expense reporting and accounting software will help ensure your business stays on the path to success. In small businesses, expense reports are used for tracking expenses when employees pay out-of-pocket for business [...]