REVENUE AND RECEIPT CYCLE

SALES Department Credit Department

Customer Order
Customer
prepare SO 1

prepare SO2 review SO2

prepare SO3

prepare SO4
conduct CUSTOMER INVESTIGATION
control SO- COPY
prepare memo or Approved SO

Other Controls notify SALES DEPARTMENT

List of Authorized Other Controls

Customer
List of Authorized
issue Customer
List of Products and
Prices

Mail Room/ Receptionist Treasury Department

Customer
Remittance Advice

Customer Check Customer Check

prepare List of Receipts List of Receipts

List of Receipts

update Cash Records

Prepare Deposit Slip

Prepare Cash Summaries

Prepare Cash Summaries - Copy

Deposit Cash Collection

 Inventory Control Shipping

SO2

compare

review memo or Approved SO memo or Approved SO

monitor Availability of Goods prepare Shipping documents

prepare prepare Shipping documents

ISSUANCE OF GOODS
approve
CARRIER
for shipment
ISSUANCE OF GOODS
other controls
Invetory Management Shipping Documents
other controls Goods
Prenumbered Shipping Sales Invoice
Docs Remittance Adice
Billings made on periodic
basis

Accounting Department
 List of Receipts

Cash Summaries
 Billing Accounting

SO2

compare
memo or Approved SO

Shipping documents

prepare SALES Invoice

prepare SALES Invoice SALES Invoice

prepare Remittance Advice Invetory Clerk Cost Information

General Accountant Record Sale
AR Clerk Update SL