Along with these contents, a short summary is also included by employees to tell if they have spent money on their personal activities or not. When an employee enters items in the expenditure report, they need to present and list down every single thing and detail so that every expense is calculated and evaluated properly. 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. Use this template to track both income and expenses on a monthly basis. This Excel expense template provides a straightforward spreadsheet format and calculates totals for you. Employees are not responsible for paying your business costs out-of-pocket. When an employee makes a business purchase, like business related travel and entertainment, pay a reimbursement or give an advance. To save your business time and money, create an expenditure report policy.