Definition of expenses supplied

In the economic field which is where this concept is used, spending turns out to be the disbursement of money made by an individual or a company in respect of some payment that can have to do with the purchase of a material good, machinery or with the payment of remunerations, among the most currents.

Now being clear that it is an expense, we must indicate that the expenses supplied are those expenses, money disbursements, that a professional or a company performs by order and account of a clientIn other words, it is not an expense of the person or company that carries it out, but of the client who hired it and sent it to do so. In the heading Of the professional advisory services, the expense supplied turns out to be very common, that is, among lawyers, managers, intermediaries and advisers, among others.

Of course, when it is necessary or the agreed term is fulfilled, the client must replace, reimburse the professional in question for the expenses incurred.

The most common is that the company or professional receives a succulent amount of money from their client that not only implies the coverage of the expenses supplied but also an advance for its action of intermediary. This is known in the jargon as fund forecasting.

With an example we will see this action more clearly... We need to manage the pension of our mother after the death of her husband and for this it is necessary to gather certain documentation to present to the relevant authorities. We precisely need a copy of the minutes from marriage which is based in the town where they contracted a bond. We hire the service of a manager who will request the same on behalf of the client and must pay a rate for her. The fee will go to the name of the person requesting it but the payment will be made by the adviser. Then, when the process is completed, the client will reimburse that expense supplied to the advisor.