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A statement is a record of actual expenditure, rather than planned expenditure. We usually compare the actual expenditure to planned expenses at this stage.
What is an example of an expense report?
Expenses are the costs you incur (other than purchases) to carry on your business. Your supporting documents should identify the payee, the amount paid, proof of payment, the date incurred, and include a description of the item purchased or service received that shows the amount was for a business expense.
What is a business expense statement?
The expense report is filled out by the employee and submitted to the accounts payable department through the expense reporting process. Account coding will be done or checked first. Then, the expense report will be approved by a supervisor, manager, or small business owner with budget authority, and finally paid.
Which is an example of an expense?
Some examples include meal expenses, travel expenses, car rentals, lodging, office supplies, or even mileage when an employee uses their vehicle for business travel. Since these expenses are incurred on behalf of the organization, employees can request expense reimbursements from the business.
Instructions: List all expenses that you and/or your spouse or docHub other or dependent (I, J, S, or D*) paid out during the month. If you share expenses
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