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.
Read more about this topic: Expense
Famous quotes containing the words expense and/or report:
“The life which men praise and regard as successful is but one kind. Why should we exaggerate any one kind at the expense of the others?”
—Henry David Thoreau (1817–1862)
“In my utter impotence to test the authenticity of the report of my senses, to know whether the impressions they make on me correspond with outlying objects, what difference does it make, whether Orion is up there in heaven, or some god paints the image in the firmament of the soul?”
—Ralph Waldo Emerson (1803–1882)