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Well Come to Our presentation

Presented By

Prepared by Abdul Baten Poritos Chandra Day Farzana Arju Shohel Rana Nazrul Islam Asif Iqbal Farjana Ferdousi

ID- 11315069 ID- 11315117 ID- 11315115 ID- 11315028 ID- 11315116 ID- 10315025 ID- 09515009

Introduction Of Company

Micro Fiber Group Company

Overview of the company

We instigated our journey in 1998 with a vision of becoming the most recognized knitwear manufacturer of the country as well as to take the widely known reputation of BANGLADESH as a global clothing leader to a new high by offering the best blend of

qualityand efficiency

Products of the company

We are specialized on Polo Shirt, Sweat Shirt and Ladies rib tops. Ours product range covers basic & fancy polo shirt, sweat shirt, T-shirt, as well as mens, kids and ladies knitwear garments. Following the dictate of the fashion trend, we have improvised its technologies, broadened its raw-materials sources and trained its workforces.

What is AIS ?

AIS Is a system of collection, storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.

Accounting Information System

Revenue

Expenditure

Conversion

Administration

Sales

Purchase

Planning

Capital

Sales Return

Purchase Return

Resource Management

Investment

Cash Collection

Cash Disbursement

Logistic

General Ledger

Payroll

a) Sales Process
Purchase order Price Verification Sales order

Credit Limit

Inventory & sales preparation

Prepare shipment documents

Update accounts receivables

Update General Ledger

Sales process Product details Invoice no Customer Price Purchase order (unit) 500 1000 per unit 600 150 Sales order (unit) 500 1000 Total amount ( in sales order) Credit limit (Tk) stock Account availabili Receivable ty (yes/No) Yes Yes 300,000 150,000 General Ledger Balance (Tk) 300,000 150,000

Shirt (F/S) T-Shirt

122 128

300000 <7,00,000 150000 <7,00,000

b) Sales return process

Receive goods from customer

Warehouse & Inventory

Update sales record

Update account receivable

Update General Ledger

Sales Return Process


Inventory (previous unit) Sales return (unit) Total Inventory (unit) Sales return amount (Tk) General ledger balance
(after sales return)

0
0

50 50

50 50

30,000 7,500

270,000 142,500

C) Cash collection process

Cash receive from customer

Update account receivable

Cash Collection
Cash receive (Tk) 250,000 145,000 Update A/R (Tk) 20,000 -2,500 A/R General Ledger Balance (Tk) 20,000 -2,500

d) Purchase
Purchase requisition Authorized purchase requisition Select vendor Update inventory record (after return) Purchase return (if need) Update account payable Update general ledger

Prepare purchase order and send to vendor Receive goods (if match) and prepare receiving record Receive invoice from vendor and Update inventory

Update account payable

Purchase process
Product details Invoice no Purchase requisition (unit) Vendor price per unit Purchase order (unit) Total amount ( in purchase order) Receive Inventory goods (yes/No) account (unit) Account payable General Ledger Balance (Tk)

Shirt (F/S) T-Shirt

122 128

500 1000

600 150

500 1000

300000 150000

Yes Yes

500 1000

300,000 150,000

300,000 150,000

e) Purchase Return

Rejected goods from customer

Authorization to return goods

Document Match

Prepare debit memo & send to vendor

Receive credit/ cash from vendor & update account payable

Update inventory record

Purchase Return Process Purchase return (unit) 50 50 Total Inventory (unit) 450 950 Purchase return amount (Tk) 30,000 7,500 General ledger balance (after purchaseales return) 270,000 142,500

f) Cash Disbursement
Identify the invoice of due payments

Prepare for payments

Cheque sign after document check Payment to vendor

Update cash record

Update accounts payable record

Update General Ledger

Cash disbursement Process

Cash at Bank

Cash/ Cheque payment to vendor (Tk) 250,000 145,000

Update cash record 750,000 605,000

Update A/P (Tk) 20,000 2,500

A/P General Ledger Balance (Tk) 20,000 2,500

1,000,000 750,000

g) Payroll

g) Payroll
Time sheet submit by the employee

Working hour correction and approve the time sheet

Prepare payroll register

Prepare payroll Voucher

Transfer fund to payroll bank account

Update general ledger

Payroll/Salary Sheet
Worker ID O.T Other Deduction of The Month Other Canteen Loan Deductio Fee n

Total working days

Absent/Leave SL CL

Total work O.T (Hr) days

Name

No.

OT Rate O.T Advanc (per (Amount e hour) )

Total

Sumon Shohel Farzana

B123 B124 B125

22 22 22 22 22 22

0 1 2

0 2 0

22 19 20 22 22 22

20 50 34

50 50 50 50 50 50

1000 2500 1700 0 0 0

500 2000 0

1000 1000 0

350 250 300

150 750 0

2000 4000 300 0 0 0

Fixed salary/Month

Payment details/Month

Basic salary

House rent

Convence

Medical allounce

Attendence allounce

Other allounce

Gross slalry

Net slalry

Salary paid

Balance

20000.00

8000.00 8800.00 10000.00

5000.00 5500.00 6250.00 0.00 0.00 0.00

2000.00 4400.00 600 21000.00 19000.00 8150 10850.00 2200.00 2500.00 5000.00 750 0 0 0 26200.00 0.00 0.00 0.00 25900.00 0.00 0.00 0.00 24500 1400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

22000
25,000

4180.00

660

23840.00

19840.00

20000

-160.00

0.00 0.00 0.00

3. Conversion:

h) Planning

i) Resource Management
j) Logistics

4. Administration:
k) Capital l) Investment m) General Ledger

Thank you