Dear Accountants,
Oral approval is not enough for you to pay for that expenditure.

In my career journey, I witnessed a colleague nearly facing severe consequences due to unwritten approval and inadequate documentation. Despite getting oral approval for a payment, the approver later denied it. His saving grace was having a witness during the oral approval. This incident could have jeopardized his career.

📌 Why is this significant
-Written approvals provide a transparent record, ensuring everyone is on the same page.
- Proper documentation protects us from unwarranted liabilities and legal issues.

Please, before you pay for those expenses, ensure you have your approvals documented with the necessary support documents.

Have you encountered similar situations? Please share your thoughts.

Oyindamolah:
ORAL APPROVAL

Fatbam005:
Rice is now 2k per congor . Aso rock zoo to receive 200 million.

victorazyvictor:


And Dogs are been fed better than prison inmates.

Fatbam005:
Rice is now 2k per congor . Aso rock zoo to receive 200 million.

EnglishUsa:
How much is bank paying to their staffs this time around? because I am wondering how they managed to survive. Because my expenses as a business person this time around is above my profit. Maybe I am the only one that is passing through this I am dieing in silence. Nigeria has happened to me. How are even security men in the banks with families are managing to cope? GOD PLEASE ANSWER THE PRAYERS OF YOUR CHILDREN

BigBlackPreek:
in PH it's 4700 per custard rubber

CJStarz:

Their Staff not staff.
Staff is a collective noun
Cheers💪