Cash Advance Policy and Procedure
Table of Contents
Cash Advance Policy
Cash advances (referred to as Spend Authorizations in Workday) should be requested only when all other methods for obtaining goods/services have been exhausted and should be kept at a minimum level.
Cash Advances should not be used for Honoraria payments. Due to IRS record keeping and reporting requirements, Honoraria payments should be requested in Workday using the Create Supplier Invoice Request task.聽 Please see the 鈥淐reate supplier and supplier invoice requests鈥 job aid in the聽.
Cash Advance Procedure
- Obtain verbal approval from the Worktag Manager prior to requesting a cash advance.
- To obtain a聽cash advance complete the 鈥淐reate Spend Authorization鈥 task in Workday.聽 Instructions on how the complete the task can be found in the 鈥淩equest and reconcile a cash advance鈥 in the .