![]() ![]() After carefully examining the expense report, the business entity reimburses the money if everything in the report is accurate and valid. Most companies today ask their employees to attach receipts to the expense report to make sure everything is legit. When you know where the money is going, you can evaluate your company’s financial health, calculate profits and losses, and analyze business efficiency.Įmployees are the ones who submit expense reports so the business entity can reimburse the money they spent from their own pocket while doing work for the company. Expense reports document all these expenses in one place so you can track where company money is being spent. They include gas, meals, parking, travel expenses, hotels, and many more. Operating any type of business comes with certain expenses that cannot be avoided.
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