NESFA Treasury Procedures: Use of Advance Accounts for Purchases

NESFA members who have an advance account may under certain circumstances use it to purchase books and memberships.  The advance account may be used if either:

• The member's advance account shows NESFA owing the member enough money to cover the purchase
• The member has an active advance account. An active advance account is one where the member has a recent history of turning in expense reports equal to twice the current balance in the advance account each year. So if an member has an advance account with a $300 balance, then it's an active account if they are turning in expense reports of more than $600/year or $150/quarter.

If neither of these criteria is met, then the member may not use their advance account for purchases.