Credit Note Authorisation Form: Fill & Download for Free

Please note that my answer is general in nature and is based on my experience only.If I was in your position I would have my parents call the hotel/motel and explain the situation, Have your parents ask if they can fill in a third party credit card pre-authorisation form that covers any damage etc. In the case of the hotels that I have managed, this would need to be accompanied with a scanned copy the credit card and photo id. This is the process that I use as a hotel manager when we have minor’s coming in for concerts etc and seems to work pretty well.Good luck and I hope you enjoy comic con.

This is the boldest move by Modi government so far. Congress government could have never dared to do this.Before coming to the effects of the demonetizion, let me put some light where it all started.Jan Dhan Yojana:The first challenge for the government was to bring the mass to proper financial network. 70% of the population of India lives in rural and this is the most unorganized financial segment due to local money lender, low literacy and limited access to technology. Nearly 147.1 million accounts were created under the scheme and out of which more than 70% are active now. The share of zero-balance accounts has come down to 28.88% of the total accounts; the number was 58% in March 2015.More on JDYAadhaar card (Unique Identification Authority of India):This was the second building step. Though Voter ID, Driving License and PAN card were mostly used for verification, these weren’t self-sufficient and were lacking the modern digital touch. So an unique identification ID was the call of hour. On 7 January 2000, security analyst K. Subrahmanyam, submitted a report to Prime Minister Atal Bihari Vajpayee on improvement of national security by a unique identification ID for the citizens. After various alterations and suggestions, Aadhaar was the final output with biometric and demographic details of the citizens. In its database, it also has the retina scan, important bodymarks and other such details. Now more than 100 crore citizens have their own aadhaar in India. The detailed timeline can be found hereIn March, the Aadhaar-linked DigiLocker service was launched, using which Aadhaar-holders can scan and save their documents on the cloud and can share it with the government officials whenever required without any need to carry them.UPI (Unified Payment Interface):This is the most important step before the bold move. The future is based on cashless and electronics transactions. UPI is the single interface and unique ID for all the bank accounts which is linked to the 12-digit aadhaar no of the citizen. And both inbound (bank accounts etc.) and outbound (e-commerce etc.) applications can be developed using UPI. This will help in recording all the transactions and mitigating corruption.Why only 500 and 1000 rupee notes were banned?Most of the black money are saved in 500s and 1000s only. In this connection, it may be noted that while the total number of bank notes in circulation rose by 40% between 2011 and 2016, the increase in number of notes of Rs.500/- denomination was 76% and for Rs.1,000/- denomination was 109% during this period.More than 90% of the cash transactions are done by 500s and 1000s. Decommissioning of 500s and 1000s and infusion of new notes will put an end to the stacked black money.The plan was not that impulsive actually. In the last two years, the Government has taken a number of steps to curb the menace of black money in the economy including setting up of a Special Investigation Team (SIT); enacting a law regarding undisclosed foreign income and assets; amending the Double Taxation Avoidance Agreement between India and Mauritius and India and Cyprus; reaching an understanding with Switzerland for getting information on Bank accounts held by Indians with HSBC; encouraging the use of non-cash and digital payments; amending the Benami Transactions Act; and implementing the Income Declaration Scheme 2016.Swiss Money: According to White Paper on Black Money in India report, published in May 2012, Swiss National Bank estimates that the total amount of deposits in all Swiss banks, at the end of 2010, by citizens of India were INR 92.95 billion. The Swiss Ministry of External Affairs has confirmed these figures upon request for information by the Indian Ministry of External Affairs. This amount is about 700 fold less than the alleged $1.4 trillion in some media reports. Government tried to get the info of all swiss bank account holders and tried to get the money back to India. Though it wasn’t successful much, but Indian money in Swiss banks dipped by 33% to Rs. 8,392 crore. In February 2015, Indian Express released the list of 1195 Indians account holders and their balances for the year 2006-07 in HSBC's Geneva branch. The list was obtained by French newspaper Le Monde and included the names of several prominent businessmen, diamond traders and politiciansBlack money disclosure scheme:In the biggest-ever black money disclosure, at least Rs 65,250 crore of undisclosed assets were declared in the one-time compliance window, yielding the government Rs 29,362 crore in taxes.A big blow was expected for the remaining black money holders who still were trying to get away with. On 8th November 2016 Indian Government in a sudden move declared Indian notes of Rs 500 and Rs 1000 as untenable currency till further notice to fight against terrorism and corruption in the Government.Connecting the dots:Jan dhan yojana will ensure that the poor people are not affected by such move. They just need to go to the bank and get those exchanged which wouldn’t have been possible and streamlined without a bank account.Aadhaar ID and UPI will ensure all the transactions are linked and recorded to avoid someone trying to trick the system.The D-Day:The execution was extremely well planned.Declared in the evening – So that no one can either withdraw or deposit in the bank the same day.Short duration – (till midnight)- Less time for the culprits to plan and execute.Closure of bank the next one/two days: No hard cash transaction, but ensuring NEFT and RTGS transaction being feasible. If it would have to be declared on a Friday evening, it wouldn’t have been possible. There is no issues with electronic transactions, as these are recorded.The Transition:Where to exchange/ deposit Rs 500 and Rs 1000 notes?From November 10 till December 30 one can deposit the old notes at your nearest bank or post office accounts without any limit. But withdrawals from banks are capped at Rs 10,000 per day and Rs 20,000 per week. This limit will be increased in the coming days.One can also exchange Rs 500 and Rs 1000 notes for lower denomination at banks, head post offices and sub-post offices. However, the exchange limit has been capped at Rs 4,000, and you can exchange till November 24. One must produce a valid government identity cards like PAN, Aadhaar and Election Card.Banks will remain closed on November 9 allowing them time to cope with the new directive.There is no restriction of any kind on non-cash payments by cheques, DDs, debit or credit cards and electronic fund transfer. After December 30, one can not exchange 500 and 1000 notes at any banks, but will have submit a declaration at RBI office for the exchange till 31 March 2017.What are the restrictions on ATM withdrawals?ATMs will not work on November 9 and in some places on November 10. But from November 11, you can withdraw money and ATMs will stop dispensing the existing Rs 500 and 1000 notes. For the first few days, these withdrawals are being restricted to Rs 2,000 per card per day, and will later be increased to Rs 4,000 per card per day.Where can one still use my Rs 500, Rs 1000 notes?Till November 11, the following government-authorised places and institutions will continue to accept Rs 500 and Rs 1000 notes for payment:hospitalsRailway, airline, bus ticket booking countersPetrol, diesel and gas stations authorised by public sector oil companiesConsumer co-operative storesMilk boothsCrematoriums and burial groundsHow to control black money holders in channeling money to others’ account or other means ?Cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch.Any mismatch with income declared by the account holder will be treated as a case of tax evasion.On people resorting to buying of jewelry have to provide the PAN number. Action will be taken against those jewelers who fail to take PAN numbers from such buyers. When the cash deposits of the jewelers would be scrutinised against the sales made, whether they have taken the PAN number of the buyer or not will also be checked.Where can one get the new currency notes?RBI will issue new currency notes of Rs 500 and 2000 from November 10 onwards. These notes will have new design.What’s Next:2000 Denomination:High value denomination will decrease the per unit printing cost. A 10 rupee note has a printing cost of 9.6% of its face value whereas 1000 rupee note has only 0.317% of its face value. In other words, for a given amount of money, it costs the RBI 30% less to print it in the form of Rs.1,000 notes than in Rs.10 notes.Cashless: RBI was on a printing spree till date. It had nearly lost control over the currency in the market as a high percentage of it is stored as black money. This move will revamp the scenario and will give RBI a fresh start to control the market. RBI can narrow down the cash flow to the market by focusing and promoting more cashless transaction. The UPI just ensured the readiness of such eco-system.E-Wallet: This will give a huge push to e-wallets like PayTM etc. As UPI is not in full-fledged now and most of the people don’t have their virtual UPI address yet. PayTM has already penetrated well into Tier-II cities and even small retail stores. It’s providing a huge number of options (like Movies, Flight ticket, Train ticket, Bill payment etc.). So market share of PayTM is expected to increase at a high rate in next few days.Terrorism and Corruption: Terrorism will reduce drastically as the black money was their major source of funding. This will also put an end to the bribe and corruption system in India.Indian Economy: Indian economy is now at a transformation stage. There is a slight chance of things going wrong also, but if executed perfectly this will give a huge push to the economy. The rupee value of dollar may come lower than 60 and the tax collection and GDP may rise significantly.Edit1: Here is how it went, after one month of the surgical strike: (From the delivered speech by Mr. Arun Jaitley)On an average, there are 4.5 crore petrol/diesel buyers in India and 1800 crores of sell per day. In first month after demonetization, the digital cash payment has increased from 20% to 40%. Cash requirement has decreased by 360 crore per day. To increase cashless payment, government has taken following initiatives:I. Petrol/diesel cheaper for those who pay by digital mode, to get 0.75% discountII. 10% discount on digital payments for RFID or FASTags procured through digital payments at toll plazas across all national highwaysIII. 5% discount on digital payment mode for railway facilities like catering, accommodation, retiring roomsIV. Insurance cover worth Rs 10 lakh for those who book Railway tickets through digital modeV. Buying general, life insurance policies from PSU insurers' websites and premium to get 10% and 8% discount respectivelyVI. People buying monthly seasonal tickets in the Suburban railway networks through digital payment mode , to get 0.5% discount. This is effective from Jan 1, 2017, starting from the Mumbai suburban railwaysVII. Govt will support regional rural banks and cooperative banks through NABARD to issue 'Rupay Kisan Card’ to 4.32 crore Kisan Credit Card holdersVIII. Govt to expedite digital switch-over; Two Point of Sale (PoS) machines each for one lakh villages with a population of less than 10,000. The exercise will be supported through financial inclusion fundIX. State-run banks to ensure that merchants should not be required to pay more than Rs 100/month as monthly rental for PoS terminals/micro ATMsX. Govt depts, PSUs to ensure that transaction, merchant discount rate (MDR) charges are not borne by customers for public dealings.Link to VideoThis is my first post on Quora. It’s turned out out bit lengthy, but covering the entire aspects was my motive. I’ll update the post if I will come across any relevant info.Thank you for your patience.

UKBlunt answer - request POD from supplier ( Proof of Delivery)If POD matches the supplier invoice then this goes back to stores manager for him to sort out which is correct - His GRN or the supplier POD. Sometimes this may involve doing a stock audit of the part to determine if its possible that the POD quantity is correctLonger answerPurchase order Process could be fully manual or fully automated, but principles the same.CompanyCompany will have checked the suppliers invoice quantities against their own GRN ( Goods Received Note) The GRN will have been authorised by a company person - e.g stores manager. , and supplier despatch note stapled or scanned to the back of the original GRN , before forwarding a copy to purchase ledger , awaiting supplier invoice or accrualSupplierMost suppliers will have a Delivery Note , which is checked off at stores , and usually “signed as received” , or amended / crossed out , , and then signed as received. This becomes the supplier POD . They provide one to the customer, and then the master is returned to their own credit control department. These POD’s are checked by credit control , and either used to raise an invoice , or if the invoice has already been raised form the original despatch note, then a a credit note is raised.Some suppliers will raise and invoice from the original “warehouse pick note”. This is not good , and can lead to lots of problems , unless their warehouse and stock control is perfect. ( never is)If the warehouse can’t find the product, it never goes on the lorry , and the Despatch note wil be amended before it even gets to the customer , but the customers invoice will already have been raised, and is now wrong.Stock AuditIf there is still a dispute , company stores will check their own stock recordse.g is stock record shows zero before deliveryand zero used since thenand 10 in stock today , then the formula says the delivery was for 10 .Not always this simple - but the principle stands/