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:
“One marvels why ... the middle classes still insist on so much discomfort for their children at such expense to themselves.”
—E.M. (Edward Morgan)
“The report reflects incredibly terrible judgments, shockingly sparse concern for human life, instances of officials lacking the courage to exercise the responsibilities of their high office and some very bewildering thought processes.”
—Jane Jarrell Smith, U.S. widow of American astronaut Michael J. Smith. As quoted in Newsweek magazine, p. 13 (June 30, 1986)