EXPLAINER: WHAT’S A COMMON FUND SYSTEM POLICY?
You’re about to discover something you haven’t realized all these years.
Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
You’re about to discover something you haven’t realized all these years.
When Agencies do not use their annual budgets well, it is not the government that is at loss but the Filipino people.
When to require an Official Receipt and when to require a Sales Invoice as proof of payment?
Before you spend government money, you must ensure that you comply with these basic requirements.
AVOID COMMITTING MISTAKE IN THE COMPUTATION OF THE EMPLOYEES’ INCOME TAX.
Starting FY 2019, the cash-based budgeting will be in full implementation, this year being a transition period.
What makes an auditor question a financial transaction is when it is not supported with complete and appropriate documents. Hence, they flag transactions such as these by issuing an AOM. So when you receive AOM in this nature, it is best to respond to it by stating the facts and supporting it with evidence by submitting the required documents.
You are spending government money without legal basis.