📚 Legal Basis Below are the existing legal bases for the grant of cash gift to government employees: Budget Circular No. 2016-4 dated April 28, 2016 — Updated Rules and Regulations on the Grant of the Year End Bonus and Cash Gift for FY 2016 and Years Thereafter Pertinent provision of the CY 2022 General […]
Guidelines on the Grant of P5,000.00 Cash Gift Read More »
Legal Basis This guide is based on the following Circulars: For National Government Agencies (NGAs), State Universities and Colleges (SUCs), Government-owned or Controlled Corporations (GOCCs) and Government Financial Institutions National Budget Circular No. 548, s. 2013 — Amended Rules and Regulations on the Grant of Representation Allowance and Transportation Allowance (RATA) For Local Government Unit
Quick Guide: What is considered as actual work performance in the grant of RATA? Read More »
Legal Basis This guide is based on Executive Order No. 77 — Prescribing Rules and Regulations and Rates of Expenses and Allowances for Official Local and Foreign Travels of Government Personnel Applicability This guide is applicable to the following: What is Daily Travel Expenses (DTE)? Daily Travel Expenses or DTE pertains to the amounts authorized
DTE: A Quick Comprehensive Guide to the Grant of Daily Travel Expenses (DTE) under EO 77 Read More »
Salient Features: 🔔 Who are entitled: Division Chief and below or their equivalent (government employees including those in GOCCs). 🔔 Rate of Night Shift Differential: Not exceeding 20% of the hourly rate of the employee. 🔔 Coverage working hour: For each hour of work performed between 6:00 in the evening and 6:00 in the morning
Legal Basis: Night Shift Differentials of Goverment Employees (Republic Act No. 11701) Read More »
Know what is the difference between a fiscal year and calenday year.
What is the difference between a Fiscal Year and Calendar Year? Read More »
Liquidated Damages: 7 Possible Audit Findings to Avoid
Liquidated Damages: 7 Possible Audit Findings to Avoid Read More »
Accounting for Liquidated Damages: 10 Things You Need to Know
Accounting for Liquidated Damages: 10 Things You Need to Know Read More »
The Commission on Audit (COA) clarifies in one of its latest guidelines, particularly COA Circular No. 2021-001, the instances when to use or require Reimbursement Expense Receipt (RER), Official Receipt (OR) / Sales Invoice, or Certification of Expenses not requiring Receipts, as supporting document to a financial transaction. Previous COA Circulars already explains the use
