Saad Aldeen’s Pastries and Catering (SAPC) is a small business
that operates a retail bakery store and provides catering services
for weddings and other events. Based on a discussion with SAPC's
owner and manager, Mr. Aldeen, your employer has written a
narrative summary about the Cash Receipts System. Using Microsoft
Visio and the narrative below, you are to design SAPC's Cash
Receipts Process flowchart.
SAPC services walk-in customers in addition to taking orders
by phone. For walk-in customers, SAPC accepts only cash or checks
as a form of payment. Therefore, when walk-in customers purchase
goods from the SAPC store, the Salesclerk receives the payments,
enters the sales to the system, and then prints the sales receipts
in duplicate copies. One copy is given to the customer while the
second one is filed by date in a folder that later is forwarded to
the Accounting Department to be reconciled with the system
information.
SAPC also receives orders from individual and corporate
customers who place their orders ahead of time via phone and pick
them up later from SAPC's store. The Salesclerk prepare a duplicate
copy of the Sales Order manually, and then files the two copies
temporarily until the customers pick up their orders. When
individual-customers pick up their preorders from SAPC's store,
they have to provide cash or check payments - similar to regular
walk-in sales. However, when corporate-customers pick up their
preorders, the sales are made on-account, and they need to pay
later. For phone-orders, the Salesclerk, instead of issuing and
printing sales receipts, hands the original copy of the Sales Order
to the customer (individual or corporate) and files the other copy
with the sales receipts by date to be forwarded to the Accounting
Department.
SAPC sends a monthly statement to corporate customers to pay
their bills, and they mail their checks with Remittance. When Mr.
Aldeen opens the mails, he forwards the Remittances to the
Accounting Department, endorses all checks by stamping them “for
deposit only.” Then, Mr. Aldeen prepares a duplicate copy of the
Deposit Slip and deposits the checks along with any cash or checks
received by the Salesclerk to the SAPC bank account. Later, Mr.
Aldeen forwards one of the deposit slip copies to the Accounting
Department to be temporarily filed until the Accountant is ready to
reconcile the cash account.
The Accounting Department receives Sales receipts, Sales
orders, Remittances, and Deposit slips from Mr. Aldeen and the
Salesclerk. The Accountant flies all deposit slips, Sales receipts
and Sales orders temporarily. The Accountant enters the Remittances
into the system and then updates the corporate customers balances
in the Accounts Receivable subsidiary ledger. The Accountant uses
the Accounts Receivable subsidiary ledger to update the general
ledger at the end of each day. The Remittances are stored
alphabetically in a file by customers' names in the Accounting
department. Weekly, using the data provided in the Accounts
Receivable subsidiary ledger, the Accountant generates an Accounts
Receivable Aging Analysis and sends it to Mr. Aldeen to be
reviewed. The Accountant also uses the temporarily filed deposit
slip along with the Sales receipts and Sales orders to reconcile
and update cash and revenues accounts and the related
ledgers.
required
document flowchart