w-10 - D isbu rsement Cycle I Purchasing a Every Fr iday...

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Disbursement Cycle I. Purchasing a. Every Friday salespeople prepare weekly sales reports from their copies of the sales orders i. Send reports to William ii. File sales orders by customer name b. William review the weekly sales reports and weekly inventory reports prepared by twins c. William “eyeballs” the numbers i. Notes any shortages in inventory ii. Prepares 3-part purchase orders 1. Mails the original to the vendor 2. Sends one to the twins in the distribution center 3. Sends one copy to Jane d. Inventory i. Card files 1. Have a running balance to expedite preparation of the weekly inventory reports for William ii. When twins receive a copy of a purchase order they pull the cards for the item(s) ordered 1. Record quantity ordered 2. Record PO number 3. file purchase order in numerical order
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iii. when shipment arrives 1. twins pull the purchase order to make sure that the items received were the items ordered a. note any back orders on the purchase order i. pull the inventory cards
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w-10 - D isbu rsement Cycle I Purchasing a Every Fr iday...

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