expense record
Definition
Noun: A written or documented account that details money spent, typically for business, reimbursement, or personal financial tracking. It serves as an official log of expenditures.
Usage
An "expense record" is used to systematically track and document costs incurred. It is essential for accounting, tax preparation, budgeting, and obtaining reimbursement from an employer or client. The record should be clear, accurate, and organized.
Examples
Advanced Usage
- "to maintain an expense record": The act of consistently keeping this documentation up to date.
- Freelancers must diligently maintain an expense record for deductible costs.
- "to submit an expense record": To formally present the documentation, usually for review or payment.
- Please submit your expense record along with all original receipts by Friday.
Variants and Related Words
- Expense report (n): A formal summary, often based on an expense record, submitted for reimbursement.
- He filled out his weekly expense report using his digital expense record.
- Ledger (n): A broader book or system for recording financial transactions, which may contain expense records.
- Receipt (n): A slip of paper acknowledging a payment, which serves as a source document for an expense record.
Synonyms
- Expense log: A record where expenses are logged sequentially.
- Cost documentation: Written evidence of costs incurred.
- Expenditure record: A formal term for a record of money spent.
Related Phrases
- To keep a record of expenses: The verbal phrase describing the action of maintaining an expense record.
- It is crucial to keep a record of expenses for your small business.
Noun
-
a written record of money spent
