Saudi Aramco GI 207.056 CASH DEPOSITS BY COMMUNITY SERVICES FACILITIES

This General Instruction (GI) 207.056 outlines the official Saudi Aramco procedures for handling and recording cash deposits made by Community Services facilities. It provides a comprehensive guide on the responsibilities and systematic processes required for accurate financial record-keeping of collected funds.

The document details critical aspects including daily deposit protocols, guidelines for exceptions and prior approvals from the Treasury Services Department (TSD), the importance of complete bank deposit slips, and the specific accounting entries necessary for reconciliation. It clarifies abbreviations and acronyms relevant to the process and references related instructions, such as GI 53.006 on Custodianship of Company Funds.

By adhering to this GI, facilities ensure proper segregation of duties, timely financial reporting, and accurate crediting of income to the correct accounts, thereby maintaining financial integrity and compliance with Saudi Aramco's accounting policies. Readers will gain a clear understanding of deposit requirements, reporting obligations, and the accounting treatment of cash receipts.

Ideal for accounting staff, financial administrators, and facility managers working in Saudi Aramco Community Services.