Is it difficult for you to keep track of your expenses? If yes! This expense report template is truly created for you. Most of the organizations use the expense tracking template in order to keep track of all expenses. It can be made monthly, quarterly, annually or bi-annually. Expense tracking and recording is a vital and pertinent exercise in the organization who wants to maintain a whole record of its traveling, accommodations, lodging, meetings, etc.
It constitutes of the expenditures of the employees during the month, a year or quarter expenses. Making records of all the expenses are very necessary for companies as it helps the companies to observe which of the side is more expensive and which is less expensive. It helps to maintain records of accounts for companies. The expense report template is editable and customizable all you need to do is to put all the expenses in the list and gets the total value.
An expense report is made by the employees in order to report all the expenses to their employers in order to get recompense for those expenses done in the whole month or year. As an employee of an organization, it is mandatory to do smart work and be efficient. Employees in organizations are using an expense report spreadsheet in order to make the list of those expense to report and track. Employees have very less time they have to use the time as efficiently as possible so, they use this template and do this in less time.
Components of Expense Report Template
There are several components in the expense report template excel. Some of the common parts are enlisted below.
The most important component is the time in the expense report template word. It is the time when the expense has incurred something.
The date should be mentioned in this expense report that on which date this expense has incurred in something. It is also mandatory to keep a record of a month easily.
The nature of an expense means which type of expense is incurred either it is traveling expense, petroleum, accommodation, food, etc. the must be written in order to remember and recognize the expense after completion.
Total Amount of Expense
The total amounts should be written in front of the names of expenses.
Account of Expenditure
The account name from which eh expenditure has charged.
Subtotals of All Expenditures
Do subtotal of all enlisted expenses and write in the box.
Advances Paid To Employees
Sometimes employers have given the advance payments to the employees so, these payments must be subtracted from the subtotal and get the remaining value to be reimbursed.
Grand Total Amount
now, you have to do the grand total of the subtracted amount and the value after subtraction would be the actual amount to be reimbursed after subtracting the advances (if given).
Benefits of An Expense Report Template
It can give you a tracking and recording facility digitally and you can save it anywhere and access anywhere you want. Moreover, it helps you encounter your aims and presses you to rank your expenses in the list. It is free to download and printable as well.
Expense Report Template Excel
Annual Expense Report Template Word