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  • Flowchat - AR Process

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    Geraldine Villareal
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    The document outlines an accounts receivable process flowchart for a company. It begins with a quotation being accepted or revised by a client. If accepted, a purchase order is issued along with a statement of account requesting a 50% downpayment. A sales order is then approved and production begins. Finished goods are delivered and an invoice is issued. If payment is not received within 30 days, a demand letter is sent to collect the remaining balance. The process ends once full payment is received and posted in the company's books.

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    The document outlines an accounts receivable process flowchart for a company. It begins with a quotation being accepted or revised by a client. If accepted, a purchase order is issued along with a statement of account requesting a 50% downpayment. A sales order is then approved and production begins. Finished goods are delivered and an invoice is issued. If payment is not received within 30 days, a demand letter is sent to collect the remaining balance. The process ends once full payment is received and posted in the company's books.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    31 views1 page

    Flowchat - AR Process

    Uploaded by

    Geraldine Villareal
    The document outlines an accounts receivable process flowchart for a company. It begins with a quotation being accepted or revised by a client. If accepted, a purchase order is issued along with a statement of account requesting a 50% downpayment. A sales order is then approved and production begins. Finished goods are delivered and an invoice is issued. If payment is not received within 30 days, a demand letter is sent to collect the remaining balance. The process ends once full payment is received and posted in the company's books.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    FLOWCHART OF PROPOSED ACCOUNTS RECEIVABLE (AR) PROCESS

    QUOTATION

    NO REVISION
    ACCEPTED BY (SUBJECT FOR
    CLIENT? APPROVAL)

    YES

    PURCHASE ORDER
    (PO) FROM CLIENT

    Indicate the ff.:


    Client's order/s
    STATEMENT OF Request for 50% downpayment (DP)
    ACCOUNT (SOA)
    Approval of Sales Manager & CEO/ President

    YES

    YES APPROVED BY NO
    WITH 50% ISSUE NOTICE OF COLLECTION
    SALES ORDER (SO) AR ANALYST? SETTLED?
    DP? COLLECTION

    NO

    ATLEAST 2,500.00
    PHP DP FOR NO
    LAYOUT, DESIGN & APPROVED BY UNAPPROVED P.O.
    MOCK UP PRES./ CEO? (END)

    YES
    For: FOLLOW UP
    ENDORSED TO ENDORSED TO Raw materials; and COLLECTION
    PRODUCTION PURCHASE ORDER
    JOB ORDER (JO) PURCHASING (PO) Packaging materials needed
    ASSISTANT & OFFICER
    DIRECTOR
    NO

    ENDORSED TO POSTING IN NO YES


    ENDORSED TO FINISHED TRANSMITTAL DELIVERY TEAM/ BOOKS/ IS REMAINING IS IT DUE MORE DEMAND LETTER
    WAREHOUSE & GOODS FORM (TF) CLIENT TO RECOGNIZE BALANCE PAID? THAN 30 DAYS?
    PRODUCTION (FG) RECEIVE FG SALES

    YES
    *Must secured signature from clients upon delivery
    **In case some of client’s orders are still work in process (WIP), that
    portion will be temporarily recorded as Advances to Customers *Based on agreement and BIR Benchmark
    (Liabilities of HBC) and will adjust once delivered. *Attached proof of payment
    SALES INVOICE (SI)/
    ACKNOWLEDGEMENT
    RECEIPT (AR)

    POSTING IN
    BOOKS/ FOR FILING
    RECOGNIZE (END)
    PAYMENT

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