Manual payments policy

They are 4 manual ordinary payments in a single month:

• Suppliers overdue bills on the 15th
• Past month employee expenses on the 22th
• Suppliers overdue bills on the last day of the month
• Payrolls on the last day of the month

*If the programmed day is a holiday, the payment day will be modified for the next working day except for the last day of month that will be modified by the before working day.

We group the payments by remittance (or batch) creating a single document that includes: beneficiaries, accounts, descriptions, amounts and payment day. Single documents must sent by email to the treasurer where the CFO is CC'ed. After the CFO approval, the treasurer has to execute the payments on the day defined in the document and save all proof of payments in: ...\Admin - Finance\Activity\20YY FIN [Activity]\Cashflow\Payments\Remittances\  except in the case of payrolls where the path is:  ...\Admin - Finance\Management\20YY Finance [Management]\Cashflow\Payments\Remittances

Extraordinary manual payments

In the case of a mandatory payment that can't wait for the programmed day, after the CFO's approval, an extraordinary remittance will be created with this payment.

Bank accounts trust conditions

All bank accounts used in remittances (or batches) must complain the bank accounts trust conditions. 🤝 Bank accounts trust conditions