An expense report template can be prepared to keep a check on personal expenditures as well. Usually, an expense report includes some important information, like company information, title of report, time period for the report, individual expenses with a description of each and the total of all expenditures made. The expense report further includes information about personal or business travel expenses, how to reimburse them and budget planning. Generally, this report is prepared to provide details of those expenses which are incurred by a company or individual during a year. These expenses can be further categorized into different segments, like medical expenses, project expenses, entertainment expenses, factory overhead expenses and fixed expenses. The aim of breaking down all your expenses into different segments is to prepare final accounts. In other words, an expense report is one that records the expenses incurred during the course of performing a necessary job function. Purpose of Expense Report: An expense report is used to prepare for multiple purposes and reasons. The most important one is when you wish to calculate expenses for a certain item or project for a specific period. To prepare a well-balanced expense report, you will need to understand its content