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Revenue and Receipts Cycle image - Coggle Diagram
Revenue and Receipts Cycle
Dispatch function:objective of this function is to fill accepted orders promptly and accurately and to ensure only
authorised orders are acted on
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Ordering function: Objective of this function is to record orders from customers and initiate action to fill them
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Recording function: Objective of this function is to record the sales made and to raise the corresponding debtor
promptly
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Invoicing function:objective of this function is to notify the customer promptly of amounts due for goods supplied.
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Credit Management Function:Objective of this function is to limit the loss from bad debts and to encourage debtors to pay
promptly.
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