![]() ![]() ![]() IRS: Travel, Entertainment, Gift, and Car Expenses - Some tax guidelines that you should be familiar with if you are recording business expenses for tax deductions (either for yourself or for your employer).I need to get rid off the collections and have everything saved into a SharePoint list. The template above was largely based on this example. I try to use the expense report Template but I am having some issue. The documentation also includes a rough example of a weekly traveling expense and entertainment record (see Table 5-3). IRS: Record keeping - Explains what records are needed to prove expenses when claiming tax deductions.Remember: Submit receipts and other supporting documentation (especially documentation regarding business meals and entertainment) along with the expense report. See the references below for more details about record keeping requirements. Important: When you pay for business meals or business entertainment, such as meetings with potential clients, you must keep records of the location, business purpose, business relationship, and the amount of each expense. ![]() Monthly Review: Compare monthly spending against. Recording Transactions: Log each transaction as it occurs to maintain an up-to-date budget. Initial Setup: Enter personal income and set up expense categories. Accessing the Template: Find and copy the template to your Google Drive. This form also lets you report expenses paid using the company card. Step-by-Step Guide on How to Use the General Budget Template. Use a separate mileage tracking log if you typically visit many clients and locations in a single day and need to record the business purpose and notes about the visits. If you are in sales or another job that involves frequent driving and meetings with clients, you can use this form for reporting miles driven and reimbursable expenses. ![]()
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