Professional Documents
Culture Documents
Applied
Auditing
Michael C. Diputado
BSA - IV
DOCUMENTS
USED IN THE
REVENUE AND
COLLECTION
CYCLE
PURCHASE ORDER
-
-
- A
request for
merchandise
REMITTANCE ADVICE
- A document that a customer attaches to a check in payment of an invoice.
The document may be a turnaround document, a part of a check, or a
statement identifying the invoices being paid. Remittance advices facilitate
recording cash receipts. If a customer does not return a remittance advice,
the employee opening the mail generally prepares one.
PURCHASE REQUISITION
- A prenumbered document that originates in the inventory stockroom or an
operating department and indicates to the purchasing department that goods
should be ordered. A requisition describes the items, specifies the quantity
needed, and indicates the requester.
PURCHASE ORDER
- A prenumbered document recording the description, quantity, and related
information for goods and services the company intends to purchase. This
document is frequently used to indicate authorization to procure goods and
services.
RECEIVING REPORT
- A prenumbered document prepared at the time tangible goods are received
that indicates the description of goods, the quantity received, the date
received, and other relevant data.
VENDORS INVOICE
- A prenumbered written authorization to a bank to transfer funds to the payee. Checks are used as a means of
payment
VENDORS STATEMENT
- A statement prepared monthly by the vendor indicating the beginning
balance, acquisitions, returns and allowances, payments to the vendor, and
ending balance.
DOCUMENTS
USED IN THE
PAYROLL AND
PERSONNEL
CYCLE
TIME CARD
-
prenumbered
record for each employee
indicating the numbers of hours worked each day during a pay period. many
entities use a time clock that automatically records a starting and stopping
time.
DEDUCTION AUTHORIZATION
- a form that employees sign to authorize their employer to withhold taxes and
various optional payments from their paychecks.
- Forms he entity files with governmental agencies reporting wages and taxes
withheld.
OTHER PERSONNEL RECORDS
- Employees applications
-Reports on reference checks
- Authorizations for employment
- Authorizations for pay or pay changes
- Performance-evaluation reports
- Records of sick and vacation days
BANK STATEMENTS
- a printed record of the balance in a bank account and the amounts that have been paid
into it and withdrawn from it, issued periodically to the holder of the account.