What is a schedule of advances? Could you give an example?
submitted by mean

Arnold

A list of advances, amounts, who received them, dates, etc.
Example, 4 salesmen took advances against commissions in early December to cover Christmas purchases, each to be deducted from their next pay check.

Jared

It's a record of all the advances given to employees. It just has the basic details, like who got the advance, how much it was, when it was issued, and if there are any special terms for repayment.

It's good for accountability because you can follow up on those within the company that owe money as well.