Scribd Logo
Upload

Welcome to Scribd!

  • Contingencies 2

    Uploaded by

    louise matsui
    9 views6 pages
    The document summarizes issues with a company's billing and payment processes. Key issues included late billing submissions, lack of communication around billing requirements, and insufficient funds leading to penalties. Controls are suggested such as submitting billing on time, constant communication with clients, having backup internet access, and properly planning payment schedules to avoid penalties.

    Original Description:

    Original Title

    Contingencies 2 (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes issues with a company's billing and payment processes. Key issues included late billing submissions, lack of communication around billing requirements, and insufficient funds leading to penalties. Controls are suggested such as submitting billing on time, constant communication with clients, having backup internet access, and properly planning payment schedules to avoid penalties.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    9 views6 pages

    Contingencies 2

    Uploaded by

    louise matsui
    The document summarizes issues with a company's billing and payment processes. Key issues included late billing submissions, lack of communication around billing requirements, and insufficient funds leading to penalties. Controls are suggested such as submitting billing on time, constant communication with clients, having backup internet access, and properly planning payment schedules to avoid penalties.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 6

    1st Y

    STRAINED BUDGET DUE TO LATE COLLECTION from


    the client.

    NO INTERNET CONNECTION
    2nd Y 3rd Y 4th Y
    LATE SUBMISSION OF BILLING for the schedule releaver billing Master not LACK OF
    CUT OFF date to be submitted. aware of the requirements COMMUNICATION: Billing
    asked by the coordinator to Master did not able to
    be submitted/ proper inform and endorse the job
    proceedures for billing. to the releaver. And did not
    ( BILLING MASTER able to inform the
    SUSPENDED) coordinator that no billing
    monitoring to be submitted
    since no need to correct
    billing form the given trip
    tickets.
    CONTROLS
    insufficient fund from the 1. submit billing on time.
    bank that will cause for
    DAIF

    CONSTANT communication to the billing coorditor of client ask


    PENALTIES FROM BANKS submitted billing if no more correction and ready to be billed.
    due to INSUFFICIENT Make follow up...
    FUNDS
    Bank account closures releaver must be
    Legal issues

    always make internet available by prepairing a portable wifi


    1st Y
    Declined Loan Application to PAG-IBIG; SSS of Due to delay payment
    EMPLOYEES
    2nd Y 3rd Y
    Not aware of the exact due date of schedule of 1. PENALTIES will apply.
    payment did not ask the proper
    agencies. Was not able to
    endorse from the previous
    staff
    2. unable / delay to process
    loan

    3. incontentment of
    employees and might cause
    resignation
    CONTROLS
    1. Ahead planning of Schedules of payment.

    2. Check if payment made was accepted and posted.

    3. Always have proper endorsement of duties from staff


    assigned to that particular job.

    You might also like