This checklist is designed to guide employees through the process of tracking business expenses accurately, ensuring compliance and efficient record-keeping for financial monitoring and reporting.
Collect all receipts for business-related expenses incurred during the reporting period.
Log all expenses in the designated expense tracking spreadsheet, including dates, amounts, and descriptions.
Assign each expense to the appropriate category (e.g., travel, supplies, meals) for easier analysis.
Double-check that the recorded amounts match the receipts to ensure accuracy.
Ensure all expenses comply with company policies and guidelines for reimbursement and reporting.
Send the completed expense report to the appropriate manager or finance department for approval.
Organize and file all supporting documents, including receipts and the approved expense report, for future reference.