Briefly explain the purpose of an expense sheet.

An expense sheet is used to track and record all expenses incurred by an individual or organization over a specific period of time. It helps to monitor and analyze spending patterns, identify areas where costs can be reduced, and ensure that expenses are within budget. It is also used for tax purposes and financial planning.

An expense sheet is a document used to itemize and track business expenses incurred by an employee or individual on behalf of their employer or organization. It serves the following purposes:

- Documentation: Provides a detailed record of all business-related expenses, including dates, descriptions, amounts, and any supporting documentation.
- Reimbursement: Used to request reimbursement from an employer or organization for eligible expenses incurred while performing job duties.
- Expense Tracking: Helps employees and organizations monitor and manage business expenses, ensuring accuracy and compliance with company policies.
- Tax Reporting: May be used as supporting documentation for tax purposes, providing evidence of deductible business expenses.
- Budgeting: Contributes to the creation of realistic budgets by providing a clear understanding of expenses incurred.
- Audit Trail: Serves as a record of financial transactions for audit and compliance purposes.