Presentation on theme: "SISTEM INFORMASI AKUNTANSI"— Presentation transcript:
1 SISTEM INFORMASI AKUNTANSI ACCOUNT RECEIVABLES BUSINESS PROCESSAND CASH SALES
2 Describe the customer account management business process. Learning Objective 1Describe the customer accountmanagement business process.
3 Customer Account Management Business Process The customer account managementbusiness process includes accountsreceivable processing throughthe collection of customerpayments on account.
4 Customer Account Management Business Process Accounts receivable alsomaintains customer credit andpayment history information.This information is essential inthe customer order managementbusiness process.
5 Customer Account Management Business Process A subsidiary ledger of individualaccounts is maintained, with acontrol account in the general ledger.Remittance advices are routedfrom the cash receipts functions.Credit memos and other invoice adjustmentsare routed from the billing department.
6 Customer Account Management Business Process There are two basic approaches toan accounts receivable application.What are these approaches?1. Open-item processing2. Balance-forward processing
7 Illustrate controls that apply to accounts receivable processing. Learning Objective 2Illustrate controls that apply toaccounts receivable processing.
8 Controls in the Accounts Receivable Business Process CashReceiptsCustomerReceivingGeneralLedgerReturnedgoodsRemittanceadvicesControltotalPost
9 Controls in the Accounts Receivable Business Process ReceivingCreditBillingAccountsReceivableGeneralLedgerInvoicesControltotalsSales returnmemoIndependentcountApprovesales returnJournalvoucherSales returnmemo
10 Controls in the Accounts Receivable Business Process CustomerCreditBillingAccountsReceivableAged trialbalancePeriodicprocessingCreditmemoPostStatements
11 Write-Off Accounts Receivable The basic feature in a write-off processis an analysis of past-due accounts.This is usually done with anaged trial balance report.
12 Write-Off Accounts Receivable GeneralLedgerAccountsReceivableTreasurerCreditInternalAuditAged trialbalanceControltotal ofwrite-offsWrite-offmemo1Write-offmemo1Write-offmemo123Write-offmemo3FileWorthlessaccount listConfirmation of write-off sent to customer
13 Cash-Received-On-Account Business Process A cash-received-on-account businessprocess is used when there is anexisting customer account balance.Cash received on account typicallycomes into a business through themail or is paid in person to acentral cashier or a cash window.
14 Cash-Received-On-Account Business Process Customer payments shouldalways be acknowledged.The recorded receivable that existsprior to the payment enhancescontrol over payments received.
15 Cash-Received-On-Account Business Process The major control feature of cash-received-on-account business process is theseparation of the following functions:MailroomCash receiptsAccounts receivableGeneral ledgerBankInternal audit
16 CASH-RECEIVED-ON-ACCOUNT BUSINESS PROCESS MAILROOMREMITTANCESON ACCOUNTCUSTOMERSOPENMAILSeparate Checks &Remittance AdvicesREMITTANCEADVICESCHECKSPREP.REMITT.LISTENDORSE& TOTALAB
17 CASH-RECEIVED-ON-ACCOUNT BUSINESS PROCESS MAILROOMABREMITTANCELISTREMITTANCEADVICESCONTROL TOTALCHECKSFORWARDTO CASHRECEIPTSFORWARDTO A/RAPPROVEREMITTLISTDCREMITTANCEADVICESCONTROLTOTALFile by Date
18 ACCOUNT RECEIVABLEThe remittance advice are posted to the accounts receivable ledger. The postings to the ledger are totaled. The control total is balanced to the remittance list. The agreement of these amounts is approved. The remittance advices are sorted and filed by customer. The remittance list and a copy of the control total of posting is filed by date. A copy of the control total is forwarded to the general ledger.
19 GENERAL LEDGERThe journal voucher from cash receipts and the control total received from accounts receivable are compared. The amounts are then posted to the general ledger. The source of posting the general ledger is the cashier’s journal voucher notification of the amount of the deposit of the payments received. This amount must reconcile with the total of items posted to the accounts receivable ledger. The journal voucher and the control total are file by date.
20 EXERCISE BANK: INTERNAL AUDIT: The bank accepts the deposit and validates a copy of the deposit slip. The validated copy of the deposit slip is returned to the internal audit and filed by date.INTERNAL AUDIT:Internal audit receives the periodic bank statement. An independent bank reconciliation is an important control in a cash-received-on-account business process.
21 Lock-Box Collection Systems What is float?It is the time between the signing of thepayment check by the customer and themoment the firm has use of the funds.A lock-box system reduces the float byhaving the checks deposited to a firm’saccount before the firm processes them.
22 Cash Sales Business Process The significant difference between a cashsales business process and a cash-received-on-account business process is that thereis no previous asset record in a cashsales business process.Cash sales are recorded in a cash register orother secure device to provide documentation.
23 Cash Sales Business Process What is customer audit?It is a general term used to describeprocedures in which the customeracts as a control over the initialdocumentation of a transaction.
24 Cash Sales Business Process What are some of these procedures?Pricing in such a way thatthe customer expects changeAwarding a customer freeitems if the receipt has a mark