Accounting Dictionary - Letter A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advance to employee or officer
Advance to employee or officer (also called employee advance) represents a cash payment (loan) made by the employer for the business expenses that are anticipated to be incurred by the employee or officer on behalf of the employer; and the employee is obligated to prove business expenses to the employer. Examples of advances to employees and officers might include the following: for travel (e.g., gas, parking, tickets, lodging), meals, entertainment, professional association memberships, certifications, etc.
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