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Cash in advance / prepayment policy

May 19, 2021
June 8, 2021

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Q. I am in the midst of writing a new policy specific to prepayment or cash in advance payments for supplies that will eventually be part of our accounting policies library and I am looking for some help/guidance to seek out examples of policy language or even a website that can help me pull together such a policy so it is clear and concise. A. (From the IOFM Ask the Expert Team) We found some samples of policies posted on the web that might be helpful to you:Acquisition.Gov 52.232-12 Advance…

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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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