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    LMC Collection Suppervisor LMC Supervisor LMC Head LMC Monitoring Assistant LMC Collection Assistant LMC Past Due Officer FSD Accounting MCCD

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    KarinaYap
    The document outlines the roles and responsibilities in LMC's collection process. It shows that the LMC Collection Supervisor oversees the collection assistants who collect checks, upload collections, and monitor past due accounts. It also shows the validation, approval, and posting steps with the finance, accounting, and monitoring departments to reconcile payments and balances.

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    LMC Collection Suppervisor LMC Supervisor LMC Head LMC Monitoring Assistant LMC Collection Assistant LMC Past Due Officer FSD Accounting MCCD

    Uploaded by

    KarinaYap
    11 views3 pages
    The document outlines the roles and responsibilities in LMC's collection process. It shows that the LMC Collection Supervisor oversees the collection assistants who collect checks, upload collections, and monitor past due accounts. It also shows the validation, approval, and posting steps with the finance, accounting, and monitoring departments to reconcile payments and balances.

    Original Description:

    Collection Flow Chart

    Original Title

    Flowchart Collection

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    The document outlines the roles and responsibilities in LMC's collection process. It shows that the LMC Collection Supervisor oversees the collection assistants who collect checks, upload collections, and monitor past due accounts. It also shows the validation, approval, and posting steps with the finance, accounting, and monitoring departments to reconcile payments and balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    11 views3 pages

    LMC Collection Suppervisor LMC Supervisor LMC Head LMC Monitoring Assistant LMC Collection Assistant LMC Past Due Officer FSD Accounting MCCD

    Uploaded by

    KarinaYap
    The document outlines the roles and responsibilities in LMC's collection process. It shows that the LMC Collection Supervisor oversees the collection assistants who collect checks, upload collections, and monitor past due accounts. It also shows the validation, approval, and posting steps with the finance, accounting, and monitoring departments to reconcile payments and balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    LMC Collection Suppervisor LMC Supervisor LMC Head LMC Monitoring Assistant LMC Collection Assistant LMC Past

    Due Officer FSD Accounting MCCD


    NO YES
    NO
    YES
    Collects Check from PNP
    Finance
    Reveives Check from LMC
    (FSD Head)
    Validates check and set
    up to the system (Teller)
    Uploads collection and
    posts to borrowers
    ledger.
    Checks the balances of
    each accounts.
    Open
    Analyzes and
    reconciles open
    items
    Prepares
    Pro-forma
    adjusting
    entries
    Checks adjusting
    entries
    Approves adjusting
    entries
    Submits approved
    adjusting entry to
    Accounting Dept.
    Posts the
    adjusting entry.
    Prepares
    batch
    clearances for
    uploadng and
    opening of
    accounts
    Prepares
    batch
    clearances
    debit of
    accounts
    Checks clearances
    Approves
    clearances Submits approved
    clearances to FSD
    and MCCD
    Validates
    clearances
    (Teller)
    Opens accounts
    Posts collection
    to ledgers and
    passbooks
    Checks the balances of
    each accounts.
    Open
    A
    A
    Balances SL
    and GL
    Reviews SL/GL
    Balances
    Approves SL/GL
    Balances
    END
    Checks
    acounts
    updated
    balances
    and status
    Monitors Past Due
    Accounts
    B
    B
    B
    LMC Collection Assistant LMC Monitoring Assistant
    Prints Pre-term
    statement
    Checks Pre-term
    statement
    Posts payment to
    the ledger
    With
    Dismissed
    Co-
    Prepares COFP
    FSD MCCD
    Validates
    Payment

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