RECEIVE BANK

RECEIVES NOTIFY
STATEMENT AND
PAYMENT CUSTOMERS
RECONCILE

PREPARE CASH
RECEIPTS
JOURNAL
YES

DISCREPANCIES? DISCREPANCIES?

PREPARE DEPOSIT MATCH CASH

& DEPOSIT CASH RECEIPTS WITH
AND CHECKS ORIGINAL NO
RECEIVED SALES INVOICE NO

UPDATE GENERAL
LEDGER
UPDATE
CASH RECEIPTS ACCOUNTS
YES
PROCESS RECEIVABLE

FLOWCHART

PREPARE MONTHLY
STATEMENTS & SEND TO
CUSTOMERS
SALES ACTIVITIES
CYCLE
SALES ORDER
ENTRY

SHIPPING
1. SALES CASH

CYCLE COLLECTIONS/
RECEIPTS

BILLING
 Open Voucher Check
Payable Register

Voucher
Supplier
Register
Prepare Cash
Identify
Disbursement
Liabilities Due

Update AP
CASH DISBURSEMENTS
Record FLOWCHART
Close
Voucher File

Post to
General
Ledger

Journal General
Voucher File Ledger
Production Update
Department WIP
Account
Work in
Process
General
Ledger

Personnel Prepare
Department Payroll
Employee
Records
Update
General
Distribute Ledger
Paycheck
Prepare
Account Journal
Payable Voucher
Employee File
Voucher
Register

Prepare Cash
Disbursement
PAYROLL PROCESS
FLOWCHART
Bank Check
Register
Update payroll Update tax rates Validate time and
master file and deductions attendance data

Disburse payroll Prepare payroll

Disburse payroll taxes

and miscellaneous
deductions
Calculate employer-
paid benefits and taxes

PAYROLL CYCLE ACTIVITIES

 EXPENDITURE CYCLE

Order materials, Receive materials,

supplies and services supplies, and services

Approve supplier
Cash disbursement
(vendor) invoice
 MARKETING
SYSTEM

SALES SALES
FORECAST FORECAST

PURCHASE REQUISITIES
SALES ORDERS
SALES CONVERSION
EXPENDITURE
REVENUE CYCLE CYCLE
CYCLE
SALES ORDERS
LABOR USAGE

WORK-IN FINISHED
PROCESS GOODS

GENERAL LEDGER
AND FINANCIAL
REPORTING
SYSTEM
 SALES ORDER ENTRY
` FLOWCHART CREDIT
RECORDS AR
CHECK SUBSIDIARY
CREDIT LEDGER
CUSTOMER

RECEIVE UPDATE ACCOUNT

ORDER RECEIVABLE
SALE ORDER RECORDS JOURNAL
PENDING VOUCHER
FILE FILE

OPEN
ORDER FILE BILL POST TO
CUSTOMER GENERAL
LEDGER

PICK
GOODS
BACK ORDER
FILE UPDATE
DELIVER INVENTORY
GOODS RECORDS
GENERAL
STOCK LEDGER
RECORDS RECORDS

SALES
DELIVERY JOURNAL
LOG
INVENTORY
SUBSIDIARY
LEDGER