Disbursement
A disbursement is the payment or distribution of funds from a business to external parties such as vendors, employees, or partners. It represents the outflow of cash from company accounts.
Key Details
- Includes vendor payments, payroll, refunds, and partner distributions
- Requires proper authorization, documentation, and reconciliation controls
- Tracked against accounts payable records to ensure completeness
- Subject to timing differences between initiation and bank settlement