How to get cash advance now
Written by: Kiumbuku
Working citizens resort to drawing up an application for an advance payment not so rarely. Advance payment is a form of wages or other payment, but not on the fact of work performed or services rendered, but in advance.
Reasons for receiving an advance
The reason for writing an application for an advance payment can be a variety of circumstances: the wedding or the birth of a child, the illness of a relative or a loved one, the need for urgent repayment of the loan, repairs, a large purchase, etc. Advance is the best alternative to term loans, the interest on which, as you know, is incredibly high.
Device and maintenance. Selection and assistance. Private and public.
It should be noted that the application for the issuance of the advance is written when the advance is not provided for by the employment contract between the employee and the employer, or his term or size differs from the required one.
Another, completely separate, reason for the employee to receive an advance: a business trip or other corporate needs (purchase of office supplies, materials or equipment).
In this case, the future business traveler or another employee of the company is obliged to write in the application for the advance the purpose of receiving the advance, as well as how he intends to spend the funds received. Money is issued strictly under the report and the balance must be returned back to the company’s cash office. If the money is not enough, then the accounting department is obliged to pay the missing funds to the employee. In this case, all actions must be documented.
What you need to do to get an cash advance now
The issuance of an advance payment (unless it concerns business needs) is the exclusive will of the employer. In other words, the initiator of the application is always an employee of the enterprise of the organization, the final decision is made by the manager .
In order for the boss to put a positive resolution on the statement, you need not only to try to maintain good relations with him and conscientiously fulfill your work duties, but also to prepare in advance a package of documents justifying the need to receive funds.
As a rule, employers rarely pay in advance more than half of the average monthly salary, therefore, it is impractical to ask for a large amount, but it’s very realistic to get 25-30% of the salary or wage.
It should be noted that the manager may leave the amount of the advance unchanged or adjust it depending on his presentation and the company’s capabilities.
The term for consideration of such an application is not established, but as practice shows, it usually takes from a few hours to three days.
Does an employer have the right to refuse an advance payment?
The employer has the right to refuse an advance to the employee, but not always. To begin with, according to the law, enterprises and organizations should pay their employees a salary no less than twice a month (most often it is the middle and the end of the month). If the employer pays his salary once a month, he violates the rule of law, therefore his refusal to pay the advance automatically becomes illegal – in this case, the employee can safely apply to the labor inspectorate to protect his rights.
In those situations when the requirement to pay salaries is observed in two stages, the employer has the full right to refuse to pay the advance.
As for advances on work goals, here the employer has no right to refuse (although it can change the amount of the advance payment), since in the case of a negative answer, the implementation of the task will be problematic.
Rules for writing and processing an application for an advance
At present, there is no mandatory application of a single unified sample of this application, so that workers can write it in any form or pattern developed and approved within the enterprise. Regardless of which option is chosen, the document must meet certain requirements. It must contain the addressee :
Company name,
position
and name of the head,
as well as similar information about the applicant : his position and full name. In addition, the document must include the actual request for an advance , indicating its reasons.
The main text should be consistent and sufficiently capacious – usually the main idea fits into one – maximum three sentences.
If there are any circumstances in connection with which the employee wants to receive an advance payment and which he can document, this should also be reflected in this document as a clause about the annexes.
In conclusion, the application must be signed by the applicant (with the decoding of the signature) and dated by the day of submission.
Application for cash advance now
The application is made in two copies :
one of which is approved by the secretary and subsequently remains in the hands of the employee,
and the second is transferred to the organization.
After its consideration, depending on the decision taken by the head, a resolution is written on the application. If it is positive, on the basis of this document, the accounting department charges and issues the required amount. In any case, after the application loses its relevance, it is transferred for storage in the archive of the enterprise.
If the advance is paid and the work is not completed or the service is not provided.
Situations where the employer has paid the advance, and the subordinate has not completed his tasks, not often, but still happen. With such a development of events, the employee is obliged to return unused funds to the cashier of the company. And it can be done in different ways:
the employee can independently make a refund in cash or by bank transfer,
The employer may withhold the amount paid from his salary until the debt is fully repaid.
In the second case, it is necessary to notify the employee in advance about the retention of part of the salary in order to repay the advance.