Faculty Invoicing and Payment Policy

At Yoga Veda Institute, we value the contributions of our esteemed faculty members and are committed to ensuring timely and efficient processing of invoices for services rendered. To facilitate this process, we have established the following guidelines for invoicing and payment:

Invoice Requirements:

Faculty members are required to submit invoices that include their name, mailing address, a detailed description of the services provided, and the amount billed for each product or class. Additionally, invoices must contain accurate account details for payment via bank transfer. All invoices should be emailed to accounts@yogavedainstitute.com for processing.

Payment Schedule:

Upon receipt of a valid invoice, our Accounting department will initiate payment within 30 days. Payments will be transferred on the 10th and/or 25th of the month following the 30-day period from the date of invoice receipt. We kindly ask faculty members to allow up to 7 days for the transfer to be completed, as processing times may vary depending on banking procedures.

Method:

Payment will be made via bank transfer to the account details provided in the invoice. Please note that we do not issue payments via cash, check, or any other method. Once payment has been processed.

Communication:

In the event of any discrepancies or delays in payment, faculty members are encouraged to communicate directly with the Accounting department for prompt resolution. It is essential for faculty members to comply with these invoicing and payment guidelines to ensure efficient management of financial transactions.

Compliance:

We appreciate the cooperation of our faculty members in adhering to these procedures, as your contributions are invaluable to the success of our institute.

Yoga Veda Institute reserves the right to update or modify this policy as needed. Any changes will be communicated to faculty members in a timely manner.