A monthly report may aggregate number of things, just like; Title of the report, purpose of the report, company’s information, little introduction, brief summary, few lines to explain the criteria, approvals and sated results of the report. Thus, the vital reason for preparing a monthly report is to update the information about all the ongoing projects of business along with some data about the employees. 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. 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. Expense reports are used to track purchases that employees make for your business. Once the employee makes the purchase, they should fill out a business expense report and submit it to you. Typically, when a project team member incurs an approved cost that is attributable to the project, he or she saves the receipt and logs the item on the expense report. At set intervals, and depending on accounting preferences, the receipts and the expense report is submitted for approval and reimbursement. Business reports are of two types; short reports and long reports. Type of report will be selected according to the nature of the nature of situation.