Process flow for Cash Receipts

Receive and process purchase orders from customers

Sales

Review customer credit

Credit

Generates a prenumbered shipping document (bill of lading)

Shipping

Process sales transaction to generate invoice

Billing

Receive checks and Remittance Advice from customers

Mailroom

Employee open mail and endorse checks for deposit only to the company’s acount

Mailroom

Prepares control listing

Mailroom

Prepared daily bank deposit intact

cashier

Make daily deposit

cashier

Update customer accounts with remittance advices

Accounts receivables

File remittance advices, control listings, and sales receipt

Accounts receivables

Reconcile control listing to validated deposit slip

Operations Control

Reconciles banks statement to GL

Operating Control

File control listing copy, bank statement, deposit slip

operating control