Expense Date: The day, month, and year the expense occurred.It’s all in the details, so include as much context as possible for clear financial documentation. To edit categories in the future, add or remove text in the Source text field as neededĮdit the prebuilt categories for consistent business expense trackers Step 4: Fill the template with line itemsįinally, add each individual business expense as its own row.Repeat the same process for the other drop-down headers: Vendor, Cost Center Code, Payment Method, and Payment Status.Click Apply when you’re finished, and review your new list by clicking the dropdown arrow icon.(We recommend listing them in alphabetical order to make it easier to navigate!) Under the Source text field, rewrite the list to match the expense categories in your business.Go to the Menu Toolbar at the top, click Data > Data Validation, and a pop-up window will open.
![template expense report template expense report](https://www.smartsheet.com/sites/default/files/styles/900px/public/IC-WeeklyExpenseReport.png)
![template expense report template expense report](https://images.template.net/4377/annual-expense-report-1.jpg)
With your essentials gathered, we have all the ingredients to customize an expense report template in Excel.
![template expense report template expense report](https://i.pinimg.com/originals/ae/84/44/ae8444b6ae21838d13b80e4e8f245651.jpg)
Organization: Maintain a single, standardized expense report template and system to make receipt and invoice auditing easier.Forecasting accuracy: Spot past spending trends to predict future company expenses.Departmental budget tracking: View quarterly or yearly spending compared to the allotted budget.
![template expense report template expense report](https://www.wordtemplatesdocs.org/wp-content/uploads/2017/10/expense-report-form-1.png)
The benefits of using Excel to organize expense sheets include: With tracked expenses, managers can answer essential questions affecting project work and resource allocation: Do project budgets align with actual costs? Are expenses hitting the correct GL codes? What costs are rising fast? Formulas calculate spending totals by week, month, quarter, or any specified date range. The document contains rows and columns that log the listed expenses’ date, description, supplier, amount, category, and other details.Įxcel tabs within a spreadsheet are used to separate expenses by department, projects, individuals, or other types. Want to save even more time? Try ClickUp Brain free What is a Business Expense Report?Ī business expense report is a document that tracks company spending on products, services, wages, and other costs.