Handling of Cash Advances
No description provided by the office.
Document Checklist
What you need
-
1
Authority to Cash Advance (1 Original Copy)
Provided by applicant
-
2
Certification of No Liquidated CA’s
Provided by applicant
-
3
Documentary requirements
Provided by applicant
Process Flow Visualizer
Step-by-step timeline
Request for Authority to Cash Advance and Certification of No Liquidated CA's
Issue the Authority to Cash Advance and Certification of No Liquidated CA's
Associated Fees
Free
Processing Time
20 minutes
Person Responsible
112
Forward to Head of Office for Approve, then prepare DV and ORS and attached documentary requirements needed for Cash Advances
Sign the documentary requirements needed for Cash Advance
Associated Fees
Free
Processing Time
15 minutes
Person Responsible
108
Prepare DV and ORS and attached documentary requirements needed for Cash Advances
Forward the ORS/DV to signatories
Associated Fees
Free
Processing Time
8 hours
Person Responsible
104
Receive complete, accurate and approved DV, ORS, ADA and supporting documents form the Head of Office
Associated Fees
Free
Processing Time
10 minutes
Person Responsible
110
Prepare Payroll Credit System Validation (PACSVAL)
Associated Fees
Free
Processing Time
2 hours
Person Responsible
110
Forward the PACSVAL to Accountant for review and signature
Associated Fees
Free
Processing Time
20 minutes
Person Responsible
112
Prepare Advice of Check Issued and Cancelled (ACIC)
Associated Fees
Free
Processing Time
30 minutes
Person Responsible
110
Review the ADA details against ACIC
Associated Fees
Free
Processing Time
20 minutes
Person Responsible
110
Sign the ADA, PACSVAL and ACIC
Associated Fees
Free
Processing Time
10 minutes
Person Responsible
110
Forward ADA, PACSVAL and ACIC to the Head of Office for signature
Associated Fees
Free
Processing Time
5 minutes
Person Responsible
110
Sign the ADA, PACSVAL and ACIC
Associated Fees
Free
Processing Time
30 minutes
Person Responsible
108
Receive the signed ADA, PACSVAL and ACIC
Associated Fees
Free
Processing Time
10 minutes
Person Responsible
110
Submit the ADA, PACSVAL and ACIC to the bank
Associated Fees
Free
Processing Time
1 hour
Person Responsible
110
Notify the clients that the Cash Advances are already credited to ATM
Associated Fees
Free
Processing Time
15 minutes
Person Responsible
110