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  • Advances To Officer - Shareholder Flowchart

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    tmmateo
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    This document outlines the process for advancing payments to employees, shareholders, or officers. It involves submitting a payment request form with authorized signature. If approved, the payment will then process on or before the due date. The treasury department will then prepare the necessary documentation and payment can be issued either through online transfer if both parties use the same bank, or by check if different banks are used. A payment report is also prepared. The entire process is targeted to be completed within 3 days.

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    Advances to Officer _ Shareholder Flowchart

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    This document outlines the process for advancing payments to employees, shareholders, or officers. It involves submitting a payment request form with authorized signature. If approved, the payment will then process on or before the due date. The treasury department will then prepare the necessary documentation and payment can be issued either through online transfer if both parties use the same bank, or by check if different banks are used. A payment report is also prepared. The entire process is targeted to be completed within 3 days.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Advances To Officer - Shareholder Flowchart

    Uploaded by

    tmmateo
    This document outlines the process for advancing payments to employees, shareholders, or officers. It involves submitting a payment request form with authorized signature. If approved, the payment will then process on or before the due date. The treasury department will then prepare the necessary documentation and payment can be issued either through online transfer if both parties use the same bank, or by check if different banks are used. A payment report is also prepared. The entire process is targeted to be completed within 3 days.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Advances to Employees / Shareholder / Officer

    Start

    Payment will
    release on or End
    End
    PRF Form 1 before due
    request with date
    authorized
    signature
    Payment will
    process by
    the signatory
    on or before
    due date Preparation & for
    Assign check signature
    treasury doc
    ref

    Online
    payment Check
    Creation of payment
    voucher 2
    Yes
    Yes

    Preparation of If payment is
    No Other bank?
    report 3 PNB to PNB

    No Note: 1-3 days


    Foot note
    1 Sales Invoice, Billing Invoice, Statement of Account, Payment Requisition Form, Expense Report, Official Receipt Flowchart
    2 Disbursement Voucher
    Ver1 | February 16, 2022
    3 Payment Report

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