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    Flowchart

    Uploaded by

    Dianne Bausa
    The document outlines the cash receipts process from sales to the bank. Checks from customers are received by the sales, accounts receivable, and accounting departments before being deposited daily by the accounting department. A remittance advice is prepared and files are maintained of daily deposit slips, receipts, and the monthly bank statement for reconciliation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Flowchart

    Uploaded by

    Dianne Bausa
    286 views5 pages
    The document outlines the cash receipts process from sales to the bank. Checks from customers are received by the sales, accounts receivable, and accounting departments before being deposited daily by the accounting department. A remittance advice is prepared and files are maintained of daily deposit slips, receipts, and the monthly bank statement for reconciliation.

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    The document outlines the cash receipts process from sales to the bank. Checks from customers are received by the sales, accounts receivable, and accounting departments before being deposited daily by the accounting department. A remittance advice is prepared and files are maintained of daily deposit slips, receipts, and the monthly bank statement for reconciliation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    286 views5 pages

    Flowchart

    Uploaded by

    Dianne Bausa
    The document outlines the cash receipts process from sales to the bank. Checks from customers are received by the sales, accounts receivable, and accounting departments before being deposited daily by the accounting department. A remittance advice is prepared and files are maintained of daily deposit slips, receipts, and the monthly bank statement for reconciliation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    CASH RECEIPTS FLOWCHART Sales Department

    Checks

    Accounting Department
    Checks

    Accounts Receivable Department


    Checks

    Bank
    Daily deposit slips (2 copies) Bank deposit slip

    Remittance advice
    Prepare remittance advice

    Remittance advice

    Remittance advice

    Review payment for past due accounts

    Arrange alphabetically

    validate
    Checks

    Posting

    Review

    Remittance advice
    Daily deposit slips

    Checks

    Remittance advice

    Monthly bank statement

    A/R Ledger

    Bank deposit slip

    File

    File

    C File

    Reconcile
    Preparation of monthly bank statement
    bank reconciliation statement

    A File

    Monthly bank statement

    Endorse

    Posting

    Cash receipts journal

    Preparation of daily deposit slip and bank deposit slip

    Daily deposit slips

    Bank deposit slip

    B
    File (1 copy)

    Daily deposit slips

    File

    SALES FLOWCHART
    Sales Department Customer order
    customer

    Cashier
    Check

    Accounts Receivable Department


    Check

    Inventory Control
    Cash Sales invoice Credit Sales invoice

    Cash Sales invoice


    Prepare check

    Preparation of sales invoice

    2
    1 Sales invoice
    Balance cash receipts w/ cash invoices

    File Posting
    File
    Inventory control ledger

    Check Validate
    Daily summary

    Cash sale s

    YES
    1 Sales invoice

    2
    1 Sales invoice

    Posting

    NO
    3

    Cash receipts journal

    2
    1 Sales invoice

    Credit Sales invoice

    Posting

    A/R ledger

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