Benefits expenses are matched to the month the employee receives the benefit.
For medical, dental, and vision, the benefit expense for the employee will land on and be posted with a transaction date as of the first day of the benefit month, even though the invoice may be paid 30–45 days earlier.
This ensures personnel-related costs are reflected in the correct month when the employee receives the benefit.
Example: If SGF prepays the bill for September benefits to the carrier on July 15. The project financials will reflect the cost for a covered project employee on September 1.