This free expense report template makes it easy for any business, large or small, to track expenditures and stay on top of expenses. Our free expense report template is available for instant download and is ready to use as soon as you open the file. With endless customizable options - from colors and symbols to view type - Smartsheet allows you to create a snapshot into your business or personal finances with easy-to-use templates and anytime, anywhere access. Use the “Expense Report” template for easy tracking on the go. Add a date and description of each expense, and categorize expenses for easy organization. Purchases made on expense reports are business expenses, not a part of payroll. You do not withhold or pay employment taxes on an employee reimbursement. Here are a couple of important elements that a business must consider in their product sales goal establishment. Providing receipts for all expenses listed on a report helps prevent mistakes and prepares businesses for filing taxes and completing audits. Collecting expense reports from employees on a weekly or monthly basis can safeguard against budgeting errors and helps ensure that money is being well spent.