what is a cash advance?

What is a cash advance?

Written by
Jonas is Product & Content Marketer at Rydoo.

A cash advance is a pre-paid sum of money handed to an employee by a corporation to cover a known expenditure. So, rather of asking your employee to pay out of their own pocket, you give them the money before they need it.

Learn about our expense management tool

Subscribe to our expense management email crash course!

Originally published , modified

Subscribe to our Newsletter

How are AI and machine learning changing finance departments?

Read More

Current content journey | 6 out of 9

Expense Management for Dummies

Over 1 million professionals worldwide are using Rydoo.