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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Closing Employee Expense Accounts

Most businesses will reimburse an employee’s business-related expenses. Some require employees to submit an expense report immediately after a business trip or taking a client out for a meal. Others schedule a day of the week in which expense reports are reviewed and paid. This encourages employees to submit reports in time for that weekly review in order to get a check as quickly as possible.
One advantage to the accounting department of setting aside one day a week to handle expense reports is that it allows them to manage the work flow and plan for what can be a time-consuming process to review and pay those expenses. Usually an employee must submit an expense report that lists business expenses and show ...

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