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  • An Overview of Functions, Documents, and Accounting Systems

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    Wawex Davis
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    This document provides an overview of functions, documents, and accounting systems used in a stockroom. It outlines the purchase requisition and purchase order process, from an originating department requesting items, to purchasing determining a vendor and preparing a purchase order, to receiving counting delivered goods and filing a receiving report. The accounting cycle is also depicted, showing how purchase orders, receiving reports, and invoices flow between purchasing, receiving, accounts payable, and the originating department.

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    An Overview of Functions, Documents, And Accounting Systems

    Original Title

    An Overview of Functions, Documents, And Accounting Systems

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    This document provides an overview of functions, documents, and accounting systems used in a stockroom. It outlines the purchase requisition and purchase order process, from an originating department requesting items, to purchasing determining a vendor and preparing a purchase order, to receiving counting delivered goods and filing a receiving report. The accounting cycle is also depicted, showing how purchase orders, receiving reports, and invoices flow between purchasing, receiving, accounts payable, and the originating department.

    Copyright:

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

    An Overview of Functions, Documents, and Accounting Systems

    Uploaded by

    Wawex Davis
    This document provides an overview of functions, documents, and accounting systems used in a stockroom. It outlines the purchase requisition and purchase order process, from an originating department requesting items, to purchasing determining a vendor and preparing a purchase order, to receiving counting delivered goods and filing a receiving report. The accounting cycle is also depicted, showing how purchase orders, receiving reports, and invoices flow between purchasing, receiving, accounts payable, and the originating department.

    Copyright:

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

    An Overview of Functions, Documents, and Accounting

    Systems

    Starting point
    • E.g. Stockroom

    Purchase details

    N
    Prepare prenumbered
    Purchase Requisition Purchase Requisition
    Accounts
    Payable

    Purchasing

    Inventory 1
    Purchasing Department

    Originating
    Purchase Requisition
    Department

    Determine Vendor,
    Prepare prenumbered
    Purchase Order

    Originating Department
    Purchase Order
    Receiving

    Accounts Payable

    Vendor
    Payments Cycle 2
    Receive New Materials

    Purchasing Blind copy of A


    Filed until
    Purchase Order goods received
    along with
    invoice copy

    Count goods, match


    with Purchase Order,
    Blind copy of
    and prepare Receiving
    Purchase Order
    Report

    Receiving Report Originating Department with


    goods

    Purchasing
    Accounts
    Payable

    Payments Cycle 3

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