Voorgeschoten

Voorgeschoten is the past participle form of the Dutch verb voorschieten, which means to advance money for someone to cover expenses before reimbursement. It can function as a verb form (I have voorgeschoten) or as an adjective describing the amount advanced (a voorgeschoten bedrag). The related noun is voorschot, meaning an advance payment.

In practice, voorschotten are common in business, government, and nonprofit settings. An individual or unit may pay expenses on behalf of another party, such as travel costs, supplies, or project expenditures, with the understanding that the recipient will repay the amount or have it offset against future payments. The term often appears in phrases like "de kosten zijn voorgeschoten" or "het bedrag is voorgeschoten."

Accounting-wise, the advanced amount is typically treated as an asset, such as an advance receivable, until it is settled with receipts, invoices, or a project accounting entry. The eventual settlement reduces cash and the receivable, and may involve reimbursement, deduction from later payments, or invoicing.

The use and treatment of voorgeschoten funds depend on contract terms, organizational policy, and tax rules. In many cases, repayment is expected; interest or charges may apply in some arrangements. Different from the place name Voorschoten, a town in the Netherlands, voorgeschoten refers specifically to the act and result of advancing funds in a financial or administrative context.