Advance – Key Points – Public

  • Definition: Money advanced to an employee generally before a trip takes place.
  • Currency and supply: Foreign or local currency via cash or bank transfer into employee bank account.
  • An employee will have to account for expenditure by providing invoices/slips or receipts of purchases.
  • Advance supplier:  Generally issued by the company’s finance department to the employee.

Types:

  • Fixed Amount – Make use of the New Daily Advance Tab – calculated on a per day/night rate.
  • Variable Amount – Make use of the Forex/Advance Tab.