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

Receipt ■■■■■■■
Receipt is a printed or otherwise written acknowledgment that a specified product or service has been . . . Read More
Charge ■■■■■■■
In the travel context, the term 'charge' can refer to various aspects related to payment, fees, or additional . . . Read More
Pre-Payment ■■■■■■■
Pre-Payment is a payment is made to Cover an expense prior to the start of Travel (ie. registration . . . Read More
Complimentary ■■■■■
Complimentary (comps) is the items provided free of charge, such as rooms, meals, tickets, airfare, gifts, . . . Read More
Cash ■■■■■
In English vernacular cash refers to money in the physical form of currency, such as banknotes and coins . . . Read More
Destination ■■■■
A Destination is (1) The place to which a Traveler is going. (2) In the Travel industry: any city, area . . . Read More
Accommodations ■■■■
Accommodations are the rooms in hotel, Motel B&B In the context of travel, accommodations refer to . . . Read More
ABM ■■■■
ABM is the Airport Code of Bamaga in Australia ABM stands also for "Account-Based Marketing," which . . . 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
Competency to stand trial at psychology-glossary.com■■■
Competency to stand trial refers to a prediction by a mental health expert of the defendant's cognitive . . . Read More