Not a petty matter: 10 Things You Need to Know about COA’s policy on Petty Cash
Read COA’s policies on the utilization of Petty Cash Fund
Tag: List of Due and Demandable Accounts Payable (LDDAP)
Forum — When is it appropriate to recognize Accounts Payable?
A GABOTAF member asked:Hello! May query lang ako. Once na naprepare na ang Obligation Request and Status at naapprove na ito, pwede na ba i-recognize ng accounting ang accounts payable neto lalo na sa mga malakihang contracts dahil naobligate mo …
Forum — When is it appropriate to recognize Accounts Payable? Read more »
DBM modifies the Period for the Encashment of MDS Checks and Payment through Advice to Debit Account (ADA) under the MDS for the Rest of FY 2021
The Department of Budget and Management (DBM) issued Circular Letter No. 2021-12 dated November 24, 2021 to provide guidelines on the encashment of Modified Disbursement System (MDS) Checks and payment using Advice to Debit Account (ADA) for the rest of …
Updated COA-DBM Policies on Accounts Payables that remain outstanding for two years or more
On March 8, 2021, the Commission on Audit (COA) and the Department of Budget and Management (DBM) issued a Joint Circular (JC) prescribing the updated policies of the government with regards to accounts payables (A/Ps) that remain outstanding for two …
[Forum] Audit Findings on Payment of Prior Years’ Accounts Payables
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; …
[Forum] Audit Findings on Payment of Prior Years’ Accounts Payables Read more »
Legal Basis: ExMDPS and use of LDDAP-ADA in the payment of government obligations
Herunder are the existing legal bases for the adoption of Expanded Modified Direct Payment Scheme (ExMDPS) and the preparation and use of List of Due and Demandable Accounts Payable – Advice to Debit Account (LDDAP-ADA) for the settlement/payment of government …
Legal Basis: ExMDPS and use of LDDAP-ADA in the payment of government obligations Read more »
Who prepares the LDDAP-ADA; Cashier or Accountant?
Who prepares the LDDAP-ADA; Cashier or Accountant?
In paying thru LDDAP-ADA, how do you get official receipt from the payee?
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In paying thru LDDAP-ADA, how do you get official receipt from the payee? Read more »
Sino dapat mag-prepare ng LDDAP-ADA — Cashier o Accountant?
Hi po, tanong ko lang po, sino po dapat gumagawa ng lddap-ada? Accounting or cashier? Ano pong legal basis? Thanks po. View Answers/Comments on this question in our Facebook Page Post Views: 2,054