Advance  is a payment made prior to a Trip for such things as a registration fee, airfare, hotel, and cash advances to the traveler. All advances must be accounted for on a Travel expense report to clear them as an advance and post the charge to the appropriate expense account.

Related Articles

Pre-paid ■■■■■
Pre-paid in the travel context refers to services or products that are purchased and paid for before . . . Read More
Cash ■■■■■
In English vernacular cash refers to money in the physical form of currency, such as banknotes and coins. . . . Read More
Reimbursement ■■■■
Reimbursement in the travel context refers to the process of compensating travelers for expenses incurred . . . Read More
Airfare ■■■■
A fare is the fee paid by a passenger for use of a public transport system: rail, bus, taxi, etc. In . . . Read More
Passenger Facility Charge (PFC) ■■■■
Passenger Facility Charge: Passenger Facility Charge (PFC) is a tax of up to $3 which airports are permitted . . . Read More
Payment at top500.de■■■■
A payment is the transfer of an item of value from one party (such as a person or company) to another . . . Read More
Advance ■■■
Advance refers to the money provided to a Model prior to the completion of a contract. Generally, modeling . . . Read More
Itinerary ■■■
Itinerary is the Information pertaining to the flight which generally includes flight numbers, departure/arrival . . . Read More
Pool ■■■
In the travel context, a "pool" typically refers to a swimming pool, a man-made facility designed for . . . Read More
Baggage ■■■
Luggage is more or less the same concept as "baggage", but is normally used in relation to the personal . . . Read More