Hello Seniors,
I am writing to you to inquire how Admin/Accounts departments usually disburse advance to its staff for their official travels and expenses? In my company we had all staff open individual accounts in a regular semi private bank, but now bank is asking us to maintain a minimum Rs.5000 balance. So I thought of helping our finance department by seeking advice from fellow organizations.
I know you will say that, pay them from office's corporate bank account. But we cant do that since we're an ngo and cant show credit transactions in our bank of any nature.
How do you guys manage staff advance disbursements? Any ideas and suggestions are most welcome! :)
Thanks,
Vineeta
I am writing to you to inquire how Admin/Accounts departments usually disburse advance to its staff for their official travels and expenses? In my company we had all staff open individual accounts in a regular semi private bank, but now bank is asking us to maintain a minimum Rs.5000 balance. So I thought of helping our finance department by seeking advice from fellow organizations.
I know you will say that, pay them from office's corporate bank account. But we cant do that since we're an ngo and cant show credit transactions in our bank of any nature.
How do you guys manage staff advance disbursements? Any ideas and suggestions are most welcome! :)
Thanks,
Vineeta