---
title: "Expense report"
description: "Expense report — An employee's itemized claim for business costs they paid out of pocket or on a company card, with receipts and a business purpose for each line. It becomes a liability to the employee once approved."
canonical: "https://lopifi.com/glossary/expense-report"
---

# Expense report

> Expense report — An employee's itemized claim for business costs they paid out of pocket or on a company card, with receipts and a business purpose for each line. It becomes a liability to the employee once approved.

Source: https://lopifi.com/glossary/expense-report
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is expense report?** In accounting, expense report means an employee's itemized claim for business costs they paid out of pocket or on a company card, with receipts and a business purpose for each line. It becomes a liability to the employee once approved.

## Words this system refuses for it

- bill (from a vendor)
- reimbursement (the payment it leads to)

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Related:** liability, expense