During a campaign, an individual sometimes uses their personal funds or personal credit to pay a vendor for a committee expense and is later reimbursed by the committee. This is called an Advance of Personal Funds.
There are different rules depending if it is for Travel or Non-Travel Advance. Please note the rules for a Travel Advance of Personal Funds only applies to the FEC. This help file will cover Non-Travel Advances.
Non-Travel Advance Made and Reimbursed in the Same Period:
- Enter the reimbursement to the individual as an Expense, with the vendors paid as Splits
- If the advance was not fully reimbursed, create the difference as an Accrued Expense Balance Reduction with the Tag: Forgiven
Non-Travel Advance Made But Not Reimbursed in the Same Period:
- Enter the reimbursement to the individual as an Accrued Expense, with the vendors paid as splits
- When the individual is reimbursed, record this as an Accrued Expense Payment
For additional information, please see the FEC Page on this topic