Monthly Expense Report Template

An expense report is commonly used to record a business’s monthly expenses. This report usually includes expenses like transportation, food, entertainment, and other conference fees. However, it can also hold costs that need to be reimbursed by an employee.

For instance, an employee can record the mileage covered when doing business tasks and the amount expended on fuel against it. After a month, the amount recorded is reimbursed to the employee.

This report provides an excellent and accurate record of all business-related expenses, which can help with essential issues like budget planning and tax reporting.

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Format: MS Excel Size: 88 KB

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Format: MS Excel Size: 88 KB

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The primary purpose of this report is to review the company’s budget performance monthly. It can identify points that need to be changed and modified for better budget allocation and cost reduction. The cash flow statement is the other main report that can be easily derived from it.

In this monthly expense report, the expenses incurred can be divided into different categories for better understanding. Categories like travelling, meals, stays, mileages, etc., are made, which are the most common.

By simply comparing the costs mentioned in each category for the month with those of the previous months, areas of trouble can be pointed out. The overall expenses can be reduced by cutting or adjusting the costs of the overly charged category.

The expense report may vary in length and detail according to the business’s needs. Management decides whether a report needs to be detailed or simple based on a few factors. The best way to give this monthly expense report a professional look is to use a template.

A report template will ensure that a professional and specific pattern is followed and that the management finds it easy to fill it out and use it for other beneficial purposes. A typical template monthly expense report already has all the necessary points drafted.

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Format: MS Excel Size: 88 KB

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