Advance process overview
If employees require an advance for official purposes this process is to be used.
Approval workflow is customizable and integrated with Expense claim, Payroll
process and Separation process thus ensuring that all advances are tracked and
closed completely.
Advance Request Status
An Advance claim goes through a multi-stage process; it can have the following
statuses
- Submitted : Advance request has been submitted for approval
- Approved : Advance request has been approved by approver
- Rejected : Advance request has been rejected by approver
- Payment in process : Advance request has been partial paid by Accountant
- Paid : Advance request has been fully paid by the Accountant
- Settled : Advance request has been settled fully by adjusting the amount through
Expense vouchers, in Payroll or by paying in Full and Final
Refer to the following articles for more details -
1. Advance Setup
2. Advance request submission and approval
3. Advance payment and settlement