We are running into difficulty and looking for best practice advice. Employees generally submit expenses timely but often, expenses are submitted in a subsequent month and my team isn't sure of the best practice on how to treat these costs as part of the m/e close. For example, Employee A submits a report with expenses from June 25 - July 5 all on one report. Finance approves and pays the Employee on July 15 and migrates the costs to our accounting software (QB Desktop). The core of the issue is that we've already closed our June books by 7/15 and now there are additional costs from the prior month. How should these be treated? Thanks!
