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Jan 22, 2014 at 03:28 AM

Travel advance Process...



I am little confused about travel advance process from TRIP ?

Can anyone throw some light on this;

1. Travel advance should be posted from Travel request ???

what will be the accounting entry ??

The advance GL is normal GL or Reconciliation A/C??

2. At the time of travels Expenses Settlement, what are the accounting effects ??

3. In case of Cash advance payment, what is the process ??

What i have done is;

Travel Request from TRIP

Advance request f-47.

Advance payment F-48, with special GL Indicator.

Travel expenses settlement.

I think what i follow is not standard Process. kindly guide some detailed steps ..

Thanks in advance