As a manager of a small department in a huge company, Michael finds himself in the unique position of being responsible for both, the day-to-day operations and the financial management of his department. This means that he is often intimately involved in the creation of the department's budget, which allows him to keep a close eye on the expenses.
He shares that one of the primary ways to keep track of the expenses is by creating a detailed expense report each month. It helps him monitor the costs and identify areas where the team can save money without sacrificing the quality of operations.
The Essence of An Expense Report
Expense reports are a necessary evil in the world of business. It is a document that details your expenditures for a specific period. Many companies use expense reports to oversee all business-related payments and then review these expenses when calculating an employee's final pay.
An expense report can also be prepared by an individual for reimbursement. An employee who has incurred expenses on account of their official travel, entertainment, or provision of services, can document the costs and share them with the finance department. The expense report will enable them to show the details of expenditures and their utilization for official purposes. Furthermore, an expense report can be created for two types of directives – Internal and External.
There are various reasons why maintaining an expense report is important. It can provide factual data to back up statements if an audit occurs, help you stay organized, and allow you to back up audited numbers during settlement discussions. So creating an expense report is a viable option, leaving you with more time to focus on other pressing tasks.
But how to maintain one?
In reality, business owners have a lot on their plate when it comes to managing expenses. Maintaining a track of receipts, organizing them, and then turning all of them into an understandable and accurate report.
This can be a frustrating and time-consuming process, especially when you have to do it regularly.
But with our predesigned templates, it’s easy to create an expense report. These well-crafted presentations will help you monitor the costs and expenses, which, if not carefully monitored, can lead to heavy losses for the company. These designs can be used by employers to ensure that their subordinates are able to fulfill the necessities of their job as well as by the employees for reimbursement purposes. All you need to do is explore and download the one that perfectly matches your needs.
Let’s check these templates right away!
Template 1: Travel and Expense Report with Time Period and Authorization Template
We’ve seen employers and employees struggle to compile their expenses, which often results in misplaced or lost documents, further delaying the report's completion. You can use this informative PPT template to create a comprehensive expense report. It is fully customizable so you can modify it as per your needs. Download now!
Template 2: Expense Report Approval Process Template
Getting the expense report approved has a certain process. Use this informative template to discuss the procedure and steps involved in getting your expense report sanctioned. You can enumerate the possible outcomes in this report, the element of modification, and more. This design is completely editable and engaging. So get this template now!
Template 3: Expenditure Report for Employee Reimbursement PPT
Maintaining receipts for reimbursement isn’t easy. And even worse is compiling all that data into a single sheet. Don’t panic! This well-designed PPT template will assist you to tabulate all the travel and lodging expenses concisely. You can use it to present details, such as miles driven, tolls, cost of meals, and more. Grab this stunning template now!
Template 4: Monthly Business Expense Report PPT Template
You can use this template to supervise the allocation of budget and analyze the efficiency of financial management. This layout will make it easier for you to showcase the budget overview with an income and expense graph. Download this presentation and create an informative expense report in minutes!
Template 5: Organizational Revenue Generated and Expenses PPT
Businesses strive for growth and profits. Therefore, good revenue is a major indicator of a company’s financial success. This PPT design will enable you to create a professional-looking expense report without worrying about content and graphics. You can discuss elements from where revenue was generated and also highlight the incurred costs. So get this graphic today.
Template 6: Annual Property Expense Report PPT
With our annual property expense report PPT templates, you can add data within a few clicks rather than going through the pain of generating the same document from scratch. This feature makes the given template a great choice when you need reports instantly. You can also use it to put forward income and expense statements easily. So why wait? Download it now!
Template 7: Annual Property Expense Report Template
One of the biggest hurdles that can be solved using this PPT template is the time taken to prepare the actual document. This ready-to-use template will get you going in minutes! You can use it to showcase the annual property expense report for the year 2020-21. You can even modify it as per your requirements, so download and fill in the data to get started!
Template 8: Annual Expense Report of Fast Food Industry PPT
Fast food industry is growing at an unprecedented rate! Thus, managing the costs and revenue can be tricky. This one-page annual expense report is designed particularly to meet the needs of the fast-food industry. You can deploy it to analyze and display the company’s financial performance at a glance. Our expense report templates are easily editable and visually appealing. Download today!
Template 9: Expense Sheet for Sales and Marketing Department
Every department is of integral value to a company. They add to the overall profits and expenses of the company’s budget. This informative template caters to the need of the sales and marketing department. This sheet can be used by both, employees and employers for reimbursement and monitoring purposes respectively. Therefore, improve the cost-efficiency by downloading this slide now.
Template 10: Travel and Expense Reimbursement Report Template
Being a dedicated company employee ain’t easy. At times one spends money out of their own pocket for various official purposes to ensure the overall efficiency and desired result. To value this, the company tends to offer reimbursement which can be claimed by showing receipts. However, creating an expense report to provide expenditure details is a tedious task. So download this template and record your expenses like a pro!
Template 11: Monthly Expense Report PPT
Keeping a record of expenses is a challenging task. To make it simple for you, we present this professionally designed template that will help you tabulate the monthly costs. You can use it to sort the data based on weeks along with the categories. Apart from travel, meals, and lodging expenses, this design also allows you to register miscellaneous costs. So grab this impressive template now!
Template 12: Advertising and Promotional Expense Template
This design will make it simple for you to oversee the expenditure. Our predesigned expense report templates can be easily customized to your specific needs. You can use it to ensure that your expense reports are in proper format and submitted on time. Besides, this slide will save your time and reduce the risk of errors. So grab it right away!
To Sum It Up
Creating an expense report is an efficient way to supervise/monitor your spending. Whether you’re working for an employer or running your own business, designing an expense report will help you account for your spending and identify areas where you can cut back. Using these professionally designed templates, you can make an expense report in a few simple steps. Besides, these designs are fully customizable so you can use them multiple times. Don’t hold back! Download them right now and save yourself the hassle of compiling long receipts!
P.S: You can get handy at recording data by checking these creative annual reports featured in this useful guide.