Expense Report
An expense report is a form of document that contains all the expenses that an individual has incurred as a result of the business operation. For example, if the owner of a business travels to another location for a meeting, the cost of travel, the meals, and all other expenses that he/she has incurred may be added to the expense report. Consequently, these expenses will be considered business expenses and are tax deductible.
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Famous quotes containing the words expense and/or report:
“Those who prepared for all the emergencies of life beforehand may equip themselves at the expense of joy.”
—E.M. (Edward Morgan)
“If he had been sent to check out Bluebeard’s castle, he would have come back with a glowing report about the admirable condition of the cutlery.”
—Mary McGrory (b. 1918)