December 21, 2019

Liquidation of cash advance - observance of procedures thereof

TO:       Holy Gardens Greenhills
            Holy Gardens La Union

cc:      BPI Accounting
           BPI HR

          Mam Madel

SUBJECT:  LIQUIDATION OF CASH ADVANCE

Recent events have revealed weaknesses of our financial accounting operating system on the above subject matter.

Requests for cash advance for Christmas parties were reported to have been deferred and delayed because most SBUs have failed to liquidate their cash advance for November 1 (a time lapse of more than one month)

The cash advance procedure calls for liquidation (submission of receipts) together with Cash Advance Form within 72 hours (3 days)

The delayed liquidation of cash advance is a major offense, like prompt submission of abstracts and is a class D offense under CCD

2.28   Any acts of insubordination or disobedience   -                                                       Class D


2.29  Failure to report submit  Abstract Proof Sheet with Cash Count and 
          deposit slip or deposit daily cash collection intact daily;  or failure to
          account for all OR accurately that are in the employees custody   -                      Class D 
2.30  Failure to account/liquidate cash advances:  promptly (within the
         prescribed time) and support the same with receipts ( OR)  The               
         cash advance requesitioner must only spend for the purposes indicated. 
           This includes IF and revolving fund -                                                                       Class D
 

Administrative action required

1.   Sending of this hard copy memo to erring SBUs   (HR Rheeza)
2.   Monitoring the submission of explanation and liquidation of cash advance
3.   Proper filing and recording of outstanding cash advance by SBUs and collection thereof asap

An immediate explanation is required of the erring CMO and SBUs

--

























  Jorge U. Saguinsin

The following are our landing pages (brochure).  Please direct
the prospect via email, text or messaging so that they will learn more
You can have this downloaded at their cellphone for presentation.
The same may be used for their training too




Other blogs for reading and to learn morer



Time is gold
Time lost is lost forever.
Of all the resources, only time is irreplaceable
Successful companies primary tool is smart use of time -  being the first to market
One of our principles is EFFICIENCY.   To have high outputs and be productive.  Always
If we are unable to finish projects or tasks on time, it is an event called failure?  We are not


   LET US WORK TOGETHER TO CREATE BEAUTIFUL LIFE STORIES (not worries)

.  BIDDA:     BELIEVE, INSPIRE, DREAM, DO AND ACT


 


Notice:   This email address is a private property of Holy Gardens Group and its contents are private and confidential.    Its contents and attachment  may not be copied nor forwarded to parties other than the ones intended to,  nor can the contents be used other than the original intent  You are advised to delete the message you received if in case it may have been wrongly sent to your good office

No comments:

Post a Comment

1. One of our beliefs is learning. It pays that you learn more to do more Just to survive you have to learn how forage in a forest or raise your food, catch prey

2. In order to discharge your job well, you have to learn your admin plan the process flow and standards.

3. To keep up with changes, you have to learn and read. There is no other way

4. signify that you have read by putting your name on this comment box. Every staff must: post the name on this comment box, or like, agree/will do. Your registering on this comment box is being graded under communication. Observe RRURAC: Read, Reflect, Understand, Realize (apply to reality) Apply, and Check (if it works)
You need to make __comments a month to qualify for promotion under our CCD

Read the posts on this site every AM talk. Many problems arise simply because people do not know what to do, because they did not read this site

We are making sure that you improve yourself, engage yourself in self improvement through this site...






Note: Only a member of this blog may post a comment.