ACCOUNTING PROCESS FLOWCHART

(CASH RECEIPT FLOWCHART)

MAIL ROOM CASH RECEIPTS ACCOUNTS RECEIVABLE GENERAL LEDGER CONTROLLER

Bank
Customer
Remittance Account
LIst Summary Remittanc
Check Remittanc
e List
e Advice Journal
Check Remittance Voucher
List
Remittance
Advice
Update AR Sub Update Deposit
Ledger General
Ledger Slip
Process Cash
Receipt General Ledger
Reconcile Checks with the RA AR Sub Ledger
and Prepare Remitance LIst
Account
Cash Receipts Journal Summar
Account
Summar Account y
Remittance List Journal
y Summar Vouche
Journal Remittanc
Deposit y Journal r
Vouche
Slip
Deposit r e Advice Vouche
Slip r
Deposit
Remittance Slip
List File
Remittance File
List Check
Remittance Remittance Reconcile Deposit Slip from Bank
List List Total from Accounts Receivable
and Cash Receipts and Remittance
List

Check
File Bank
Remittance
Advice
Narrative/Notes:

 Customer Checks and Remittance advices are received in the MAIL ROOM.
a. A mail room clerk prepares a cash prelist and sends the prelist and the checks to Cash Receipts.
b. The Cash prelist is also sent to Accounts Receivable and the Controller.
 CASH RECEIPTS:
a. Verifies the accuracy and completeness of the checks.
b. Updates the cash receipts journal.
c. Prepares a deposit slip.
d. Prepares a journal voucher to send to General Ledger.
 ACCOUNTS RECEIVABLE posts from the remittance advices to the accounts receivable subsidiary ledger.
a. Periodically, a summary of the posting is sent to General Ledger.
 GENERAL LEDGER Department:
a. Reconciles the journal voucher from Cash Receipts with the summaries from Account Receivable.
b. Updates the General Ledger control accounts.
 The CONTROLLER reconciles the banks accounts.
DOCUMENTATION:
(May 19, 2020 – 10:32pm)

Doing the Accounting Process Flowchart with Narrative at the same time
review my Accounting Information System in Excel. #MessyBusy