2016-11-21 00:00:00ExpensesEnglishLearn how expense reports detail business expenses, helping you complete your tax return, track business spending and more.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/10/Man-Working-On-An-Expense-Report.jpghttps://quickbooks.intuit.com/ca/resources/expenses/what-is-an-expense-report/What Is an Expense Report?

What Is an Expense Report?

0 min read

An expense report is a list of all the expenses a business has incurred over a specific period of time. In some cases, it may also refer to a list of expenses incurred by a specific employee. The Canada Revenue Agency allows you to deduct almost all business expenses on your tax return, so it’s important to track expenses closely.

Apps can help you track expenses, and when you import this information to accounting programs, you can easily create expense reports. In addition to including expenses on your tax return, you also want to track them so you know where revenue is going. With the right strategies, that information can help you increase profit margins, lower spending and achieve other business goals.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Construction Industry: Learn About The Contract Payment Reporting System

If you have clients whose primary business is construction, and they pay…

Read more

Constructing a Nonprofit Annual Report

Your nonprofit needs to create annual reports — that’s a given. But…

Read more

QuickBooks Apps for Expense Management

Expense management may not be the most glamorous part of running a…

Read more