A Step-By-Step Guide to Audit your Business Expenses in 2023

Business expenses refer to any costs incurred by a company during its operations. This includes expenses for rent, utilities, supplies, travel, and salaries of employees. Conducting a business expense audit is necessary to ensure proper recording, tracking, and accounting of expenses in a company’s financial statements. The audit involves reviewing the expenses to ensure they are reasonable, necessary, and compliant with the company’s policies and procedures. Here we present you a complete guide on how to audit your business expenses.