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Flowchart

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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Dianne Bausa
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© Attribution Non-Commercial (BY-NC)
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557 views5 pages

Flowchart

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.

Uploaded by

Dianne Bausa
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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