the Revenue Process - The Revenue Cycle Review of Sales and...

Info icon This preview shows pages 1–8. Sign up to view the full content.

The Revenue Cycle
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Review of Sales and Collections Accounting 5-2
Image of page 2
The Revenue Cycle Provide the right product in the right place at the right time for the right price Activities Sales Quote (Instigation) Sales Order (Commitment) Sale Shipping (Decrement) Billing Sales Return (Reversal) Cash Receipt (Increment)
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

1. Sales Order Entry Order Credit From Customer Customer Purchase Order (PO) Prepare Customer Order (CO) Customer Order 1 Customer Order 2 PO File 1 Customer Order 1 Approve Credit Sales Order 1 Customer Order 1 File Sort by customer To Warehouse To Billing Sales Order 3 Sales Order 2 1
Image of page 4
2. Shipping Warehouse Department Sales Order 2 (picking ticket) Pick items and Release to shipping Update Inventory records Sales Order 2 (picking ticket) From Credit With Goods To Shipping Inventory Ledger Sales Order 2 (picking ticket) With Goods
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.