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January 9, 2024
Question

RECORDING EXPENSES FROM PREVIOUS MONTHS BUT REIMBURSING IN CURRENT MONTH

  • January 9, 2024
  • 1 reply
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One of our sales team turned in expenses for cash reimbursement in December, but the expenses go back all the way to July.  How do I enter the expenses for the months they occurred in but reimburse the salesman in December?

1 reply

June 20, 2024

If you close your financials monthly, then you will just need to have everything  hit in December.  If you don't close you books or review financials on a monthly basis , then you could just enter bills to your sales rep for the appropriate month of the receipts. Then pay all the bills in December.