An IOU, or "I Owe You," represents an informal arrangement commonly observed in hospital finances. Typically, a cashier issues money with an IOU note to a staff member. This individual may utilize the borrowed funds to purchase necessities for the hospital. Upon returning, they either provide the remaining money from the IOU or request additional funds if the purchase exceeded the IOU amount. To formalize the transaction, a voucher is often provided to cover the purchase.
IOU Function need to be implemented
An IOU, or "I Owe You," represents an informal arrangement commonly observed in hospital finances. Typically, a cashier issues money with an IOU note to a staff member. This individual may utilize the borrowed funds to purchase necessities for the hospital. Upon returning, they either provide the remaining money from the IOU or request additional funds if the purchase exceeded the IOU amount. To formalize the transaction, a voucher is often provided to cover the purchase.