Non Travel Cash Advance Accounting Form - University of - inside fammed wisc 2025

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Credit card companies charge a cash advance fee when you use your cards line of credit to get access to cash. Because card issuers tack on fees and high interest rates to these transactions, cash advances are an expensive way to get extra cash.
A reconciliation of a cash advance tracks the disbursements of funds for accountability and tax reporting purposes. A reconciliation occurs when an advance is replenished or closed.
Travel advances are payments made before a trip takes place. They can be cash to an employee or non-employee traveler. Travel advances are granted when the traveler does not qualify for, or does not yet have, a Travel and Entertainment card.
A cash advance is an expensive way to pay bills of any kind. Given the immediate interest charges and added fees, using one to pay a credit card bill is likely to sink you even deeper into debt.
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