ACCSIST (REVENUE CYCLE)
Process overview
Sales process – moves from issuing a sales
order to selling goods and services to
delivering those goods to invoicing the
customer for their purpose.
Sales Documents and Reports
Sales Order – a commitment from a
customer or lead to buy a product or
service. The document serves as a
foundation from planning production
purchase orders.
Creating sales orders does not post
value-related change in the accounting
system. However, if the sales order is
created for items, the ordered quantities are
listed in the inventory management as
reserved for the customer.
The information is important for:
 Optimizing ordering transactions
and stockholding; and
 Ensuring that customer are dealt
with quickly and satisfactory.
Shipment – also known as delivery
document, is a legally binding document
indicating that the delivery of goods or
services has occurred. Without his
document, goods can be delivered only if
an invoice has already been created.
When you create a shipment, the
corresponding goods issue is also posted.
The goods leave the warehouse and the
relevant stock changes are posted. When
the stock is changed, the values in the
accounting system changes as well.
Sales Return – for various reasons,
customers sometimes return goods. In case,
you create a return document.
AR Invoice - Invoice documents represents
a legally-binding document. When an
invoice is received, the posting is made to
the related customer accounts in the
accounting system. If a delivery did not
precede the invoice and you sell the
warehouse items, stock quantities are also
updated accordingly when you issue the
invoice.
Manual operation symbol – a process step
If you create an invoice without that isn’t autzomated
reference to the delivery, the system
automatically posts changes to the stock. In
other words, if a delivery already exists,
errors can occur in inventory management
because the delivery quantity is posted
twice in the system.
Credit Memo - A credit memorandum-
often shortened to credit memo, is given to Process symbol – represent a step in a
a customer by a seller that provides process. This is the most common
goods/services. The memo is issued as a component of a flowchart. (Computer
way to reduce the amount owed by the Process)
customer. The deduction is taken from an
invoice that was previously issued, which
is the most common type of credit
memorandum.*
Payment - After the Invoice has been sent
to the customer, it’s time to actually collect
the money owed for the goods and/or Document Symbol – a document
services delivered. This is done through the
Treasury Module.

Multi-document Symbol – Multiple

documents

Flow chart shapes

Flowline symbol – shows the process
direction. each flowline connects two
blocks.

Terminal symbol – indicates the beginning

or end of a flowchart.