How to Do an Expense Report: Steps and Solutions for Effective Expense Reporting
SAP Concur published a guide on how to do an expense report, covering steps such as collecting receipts and recording date, vendor, expense category, taxes, and receipt images. The article notes that travel-related expenses at small and medium businesses increased 178% in 2022, and discusses templates, tool choices, and expense fraud risk, stating that around 5% of a typical organization's annual revenue is lost to fraud.
Impact and considerations
The guide provides finance and travel managers with a reference on expense report processes and tool choices, and highlights fraud risk, which is operationally relevant for expense compliance and cost control.
Key points
- SAP Concur published an expense report guide covering steps such as collecting receipts and recording date, vendor, expense category, taxes, and receipt images.
- The article states that travel-related expenses at small and medium businesses increased 178% in 2022.
- The guide discusses templates and tool choices, including email, Excel, and specialized expense management tools.
- The article notes that expense fraud is a persistent risk, stating that around 5% of a typical organization's annual revenue is lost to fraud.
- SAP Concur says its solutions can automatically capture and categorize most expenses, with employees only needing to review inputs for accuracy.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 28 Feb 2024, 21:25
- Page published
- 14 Aug 2026, 08:16
- Last updated
- 28 Feb 2024, 21:25
- Original links
- SAP Concur Blog：How to Do an Expense Report: Steps and Solutions for Effective Expense Reporting (opens in a new tab)Primary source · en · Published 28 Feb 2024, 21:25