Cash Basis Payroll

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I. OBJECTIVE

1. To provide guidelines on the release of cash salary

 
II. DEFINITION OF TERMS
(Not Applicable)

 
III. GENERAL POLICIES

Preparing of PSBank check is one (1) day before the payroll date. Releasing of salary is on the payroll day: 13th and 28th of the month.
*If the payroll day falls on a Sunday or a holiday, the release of salary shall be moved to the next working day.

Employees may claim their salary within 6 days from the payroll day. After 6 days, all unclaimed salary shall be deposited to PSBank. Ma’am Eden shall e-mail to the CEO (CC: HRD) the scanned copy of the cash deposit slip.

For employees who did not claim their salary, they shall be re-scheduled by the HRD on the next payroll day.

 
IV. PROCEDURE FLOWCHART

Flowchart Title
(Not Applicable)

 
V. REFERENCE/INTERFACE PROCESS

Document Title
(Not Applicable)

 
VI. FORMS AND RECORDS

Form Title
(Not Applicable)

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