REVENUE CYCLE

AR Subsidiary ledger- An accounts receivable subsidiary ledger is an accounting ledger that shows the
transaction and payment history of each customer to whom the business extends credit. The balance in
each customer account is periodically reconciled with the accounts receivable balance in the general
ledger, to ensure accuracy. The subsidiary ledger is also commonly referred to as the subledger or
subaccount.

Bill of lading- a detailed list of a shipment of goods in the form of a receipt given by the carrier to the
person consigning the goods.

Cash receipt journal- is a specialized accounting journal and it is referred to as the main entry book used
in an accounting system to keep track of the sales of items when cash is received, by crediting sales and
debiting cash and transactions related to receipts.

Check- A cheque or check is a document that orders a bank to pay a specific amount of money from a
person's account to the person in whose name the cheque has been issued

Check Credit- is a type of cash advance in which the advance is processed as a check.

Credit card- a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods
or services on credit.

Credit card voucher- Credit Voucher Interchange fees are paid to the merchant acquirer (processor or
service provider) by the card issuer when cardholder refunds are processed. This is the reverse of what
happens during a sale transaction where the merchant pays a discount rate to accept the card payment.

Customer data- is information held on file about customers by a store or other business, usually
including names, contact details, and buying habits. ... The loyalty card helps the company
gather customer data, such as individual preferences and spending patterns.

Credit Memo- is a contraction of the term "credit memorandum," which is a document issued by the
seller of goods or services to the buyer, reducing the amount that the buyer owes to the seller under the
terms of an earlier invoice.

Customer order- a document that allows you to track orders you've received.

Customer invoice- is a binding settlement of outstanding amounts. An invoice is normally created after
confirmation that goods have been shipped, or after a service has been performed. An invoice can also
result from corrections to claims or from credit memos for a customer

Deposit slip- is a form supplied by a bank for a depositor to fill out, designed to document in categories
the items included in the deposit transaction. The categories include type of item, and if it is a cheque,
where it is from such as a local bank or a state if the bank is not local.
General ledger- Is the master set of accounts that summarize all transactions occurring within an entity.
There may be a subsidiary set of ledgers that summarize into the general ledger.

Invoice- a list of goods sent or services provided, with a statement of the sum due for these; a bill.

Inventory control- the fact or process of ensuring that appropriate amounts of stock are maintained by
a business, so as to be able to meet customer demand without delay while keeping the costs associated
with holding stock to a minimum.

Inventory subsidiary- accounts usually contain separate sets of columns for purchases, sales, and the
account balance. Each set has three columns, which are used to record the number of units, the cost of
each unit, and the total cost.

Journal- is a record of financial transactions in order by date. Ajournal is often defined as the book of
original entry.

Journal voucher- A written authorization prepared for every financial transaction, or for every
transaction that meets defined requirements.

Keystroke- a single depression of a key on a keyboard, especially as a measure of work.

Master File- A collection of records pertaining to one of the main subjects of an information system,
such as customers, employees, products and vendors. Master files contain descriptive data, such as
name and address, as well as summary information, such as amount due and year-to-date sales

Open sales order- where the order has not been delivered (physical goods).

Packing Slip- is a list of what is included in a shipment. When we write up the order, we write up the
invoice for pricing, the packing slip for shipping the finished product, and the work order showing what
needs to be done.

Receipt- the action of receiving something or the fact of its being received.

Reconciliation form- is a document that begins with a company's own record of an account balance,
adds and subtracts reconciling items in a set of additional columns, and then uses these adjustments to
arrive at the record of the same account held by a third party.

Remittance Advice- is a letter sent by a customer to a supplier to inform the supplier that their invoice
has been paid. If the customer is paying by cheque, the remittance advice often accompanies the
cheque.

Return Slip- our satisfaction in Soffe products is always guaranteed. We know it is sometimes necessary
to exchange or return an item, and we want to make this as easy as possible. All returns must be made
within 30 days of purchase date. Customers are responsible for return shipping.

Sales journal- is a specialized accounting journal and it is also a prime entry book used in an accounting
system to keep track of the sales of items that customers(debtors) have purchased on account by
charging a receivable on the debit side of an accounts receivable account and crediting revenue on the
credit side.

Sales order- is a confirmation document sent to the customers before delivering the goods or services.
Sales Order (SO) can be created once the quote is accepted by your prospective customer (potential)
and the Purchase Order (PO) is sent by the customer for further processing.

Shipping Notice- is a notification of pending deliveries, similar to a packing list. It is usually sent in an
electronic format and is a common EDI document.