Definition
A detailed record of expenses incurred, typically submitted to an employer for reimbursement or for budgeting purposes.
What to consider
- Keep detailed records of business expenses for reimbursement.
- Use digital tools to simplify and organize your reporting.
- Review submitted reports for accuracy and completeness.
Real world scenarios
- After a business trip, Daniel submitted an expense report detailing his travel, meals, and lodging costs to get reimbursed by his company.
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