Please enable JavaScript.
Coggle requires JavaScript to display documents.
revenue and receipts cycle - Coggle Diagram
revenue and receipts cycle
credit sales
ordering function
record orders from customers
initiate action to fill orders
customer order, price list, internal order sales
credit application form, credit bureau information
dispatch function
picking slip, delivery note, back order note
list of deliveries, ensure only authorised orders are acted on
fill accepted orders promptly and accurately
invoicing function
sales invoice, price lists, notify customer promptly of amounts due
revenue recording function
invoice, sales journal, debtors ledger, general leader
record sales made, raise corresponding debtor promptly
credit management function
encourage debtors to pay, monthly statements, credit bureau information
sales adjustments
receipts from debtors
validity : deposit slip, receipt summary, sequentially numbered receipt
authorisation : good returned, settement discount monitored
completeness : debtors control account kept, receipt summary prepared, numeric receipts issued
accuracy : independent review of discounts , send debtors statements regularly
recording : allocate payment to correct debtor, match total debtors control account to payment advice
cut-off : allocate payment according to accounting as per payment advice