Search This Blog

Wednesday, March 30, 2011

How much?

When I got to the office, our acting financial officer recounted going to the bank for April salaries, only to find our account overdrawn.  Then the explanation came....  The bank had recently charged us a 1,600 djf ($9) fee to close a subaccount.  We had authorized this.  However, what they really deducted was $1,600.  Apparently, that little symbol means a lot.  Our temp then spent several hours at the bank, where they let her move funds in and out of various accounts without even a document proving her affiliation with our organization.  And thank goodness.  Loaded with our cash, she came back to the office to helped me locate a copy of the fee withdrawal permission document (because the bank had lost the original).  She and I then proceeded to read every document in the office, searching for the paper.  We found a lot of holes in our filing system -- let's say it was an opportunity for an internal review.  But, you know the end of the story: the authorization has completely vanished.  Happy tax season, everybody!

1 comment:

  1. Yikes!! Did you get the money back, without the authorization?

    ReplyDelete