2. Taxi fares Restaurant bills Refreshments Car Parking Certain expenses cannot be paid for in advance. These can be paid for using:

3. Banks/Building Societies Travel Agents Post Office Sterling (£) or the local currency. Foreign Currency can be purchased from:

4. Useful for small purchases Convenient AdvantagesDisadvantages No protection/insurance against loss or theft Coins can be bulky

5. Such as Visa and Mastercard Credit cards allow people to purchase goods and services on credit A statement is sent every month stating how much is owed An individual can use a company credit card

6. Safer than carrying cash Purchases are covered by insurance In case of emergency more cash may be available AdvantagesDisadvantages Not accepted by all businesses Interest is charged on balance owed each month unless paid back in full

7. Such as Switch or Delta Payment is automatically deducted from the account by the bank Can also be used to withdraw money in many countries

8. Safer than carrying cash Automatically deducted from the bank account AdvantagesDisadvantages Not accepted by all businesses

9. Can be purchased from the same outlets as foreign currency Each is worth a fixed sum and must be signed on purchase They must be signed when being cashed along with ID (passport) being shown

10. Safer than carrying cash Lost or stolen cheques will be replaced Unused cheques can be exchanged for sterling (£) AdvantagesDisadvantages Commission may be charged when purchasing goods Exchanged for currency at a Bureau de Change, or a bank when abroad. Commission may be charged.

11. Whenever a business traveller pays for something they must keep a receipt. Method of PurchaseRecord of Purchase Cash Receipts Credit Card Copy of sales voucher Travellers Cheques Record of Cheque Number

12. The traveller will claim back expenses using an expenses claim form. This will be checked by: Ensuring all receipts/sales vouchers are attached to the form Check the receipts against the figures on the form Check the addition of items and the total claimed

13. When the form has been checked the employee will be reimbursed by: A cheque Added onto wages Paid directly into his/her bank account