6 Advance Loan Request. Approving the money advance demand

6 Advance Loan Request. Approving the money advance demand

This chapter offers the following:

Payday Loans

a cash loan is an advance repayment to a worker that covers expenses that are incidental traveling or throughout the length of business.

The money advance procedure includes the actions that are following

Publishing a cash loan demand

Asking for a repayment request

Publishing a cost report

Approving the expense report

Operating the reimbursement procedure

Using any cash that is unapplied

The after figure illustrates the money advance and cost report moves.

Worker Submits An Advance Loan Request

The money advance process starts when a worker requests an advance loan by doing the Request advance loan web page. The web page is available through the payday loans infotile in the Oracle costs work space. Costs tracks all needs for payday loans because of the worker.

Approvers Approve the Advance Loan Request

The worker submits the money advance demand to their supervisor for approval. In the event that supervisor approves the demand, costs delivers it to your cost auditor for approval.

If either the manager or even the cost auditor rejects the money advance demand, Expenses returns the demand to your worker. […]