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. Flowchart the cash receipts process based upon...

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. Flowchart the cash receipts process based upon the following: ? Checks are received by the mailroom. The mailroom custodian opens the mail and separates all of the day?s cash receipts and remittance advices. A cash receipts log sheet is completed, listing all the day?s receipts by customer. A copy of the receipts log is maintained by the mailroom custodian and a copy, along with the checks and remittance advices, are forwarded to the cashier for processing. ? Using the information provided by the mailroom, the Cashier completes the daily bank deposit. Once completed, the deposit it given to the Treasurer, who takes the deposit to the bank for depositing. A copy of the daily deposit is filed with the cash receipts log by date. A copy of the daily deposit and the remittance advices are forwarded to the accounts receivable clerk for processing. ? The accounts receivable clerk keys all the cash receipts received into the accounts receivable sub-ledger by client. The accounts receivable sub-ledger batches the totals and records the day?s activities in the general ledger. The copy of the daily deposit and the remittance advices are filed by date.

 

Paper#11344 | Written in 18-Jul-2015

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