Invoice/Accounts Receivable Flow Chart

At time of sale generate customer invoice for goods and services sold

Copy of invoice to customer

If payment made at time of sale, record payment information on invoice.

If payment made by credit/debit card copy of receipt to customer Or

If customer does not make full payment at time of sale make sure signed agreement/arr angement is in place to insure future payment will be received.

If customer invoice not paid in-full file alphabetically in open accounts receivable file.

If invoice paid infull file alphabetically with payment document in paid file.

When payment is received enter to accounting system and attach payment document to open invoice in accounts receivable file.

Move paid invoice along with payment document to closed accounts receivable file. File alphabetically.

Prepared by Peachtree Solutions