Government Accounting Manual for Local Government Units (GAM for LGUs)
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Proper Asset Classification: Inventory or Semi-Expendable Equipment?
Post Views: 6,561 Question: Good day po. I have a query po regarding proper asset classification. I’m a bit confused regarding the appropriate account to be used for a paper trimmer/cutting machine worth Php 10,000.00. How do you classify that po — is it office supplies inventory (as non consumable) or is it semi-expendable office
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COA Circular That Prohibits Cash-on-Delivery (COD)
Post Views: 3,666 Question: Hi po. Just wanna ask what specific COA Circular ang nagpoprohibit ng COD transactions? Thank you. Join the Forum: [custom-facebook-feed type=status featuredpost=1148645448612090_pfbid02UpU9L9nrb7VYkmEun31aA83y7MkbebUwda3wY5GFhT6KeL4u9C5tymsmWS1CsGtbl carousel=false]
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[Forum] Audit Findings on Payment of Prior Years’ Accounts Payables
Post Views: 2,821 Question: Hi po. We have an Audit Observation Memorandum (AOM) for paying obligations which were obligated in CY 2017 but were only paid in CY 2019. According to our Auditor lapsed na daw yung appropriation so illegal daw yung payment; hence, will be disallowed in audit. Is this correct? CY 2017 appropriation
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Online Payment of Pag-IBIG remittances/contributions via e-Gov Facility
Post Views: 2,514 Q: Anyone here po na online payment na po gamit sa remittance ng pag ibig premiums and loans specifically landbank facility po? Paano po gamitin yon? Best Possible Answer: Kami po. We’ve been using LBP’s PAG-IBIG Data Entry System since January 2019. Enroll niyo lang po sa LBP weAccess account niyo yung
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When is NORSA used?
Post Views: 4,991 [NORSA] is used when there’s a need to adjust the Obligation Request and Status (ORS) such as when there is/are error/s in the amount being obligated, account code being used, MFO/PAP being used, particulars, or RC being used. By Leo Alvarez Postanes Omamalin [NORSA is used] if there’s a need to adjust
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Revealed: 3 Major Reasons Why the Accounting Office Cannot Process Claims of Employees/Suppliers/Contractors
These are the reasons why the Accounting Office does not or deny your claims.