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.