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Accounting and Inventory Controls

Accounting and Inventory Controls. Accounting and Inventory Controls. Operations Manager orders 1000 units online. Controls. Accounting and Inventory Controls. Operations manager calls Fin/Acct Manager to mail the check to supplier.

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Accounting and Inventory Controls

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  1. Accounting and Inventory Controls

  2. Accounting and Inventory Controls Operations Manager orders 1000 units online.Controls

  3. Accounting and Inventory Controls Operations manager calls Fin/Acct Manager to mail the check to supplier. • Fin/Acct Manager takes the check to the post office to mail it.

  4. Accounting and Inventory Controls Inventory shipment is received at Brian’s house. • FOB shipping • Fin/Acct Manager calls the company Managers and President to notify them for inspection.

  5. Accounting and Inventory Controls Product is moved to company office for inspection. Managers inspect the order. • This is a 100% inspection.

  6. Accounting and Inventory Controls After inspection is completed, product is logged into Inventory Manager’s inventory log.

  7. Accounting and Inventory Controls Salesman visits the office to pick up some inventory to sell. • Inventory Manager logs out inventory on inventory log.

  8. Accounting and Inventory Controls Salesman makes a sale to a customer and generates three receipts: white, yellow, and pink. (carbon copy) • One receipt goes to customer if wanted. • One receipt goes to Inventory Manager. • One receipt goes to Fin/Acct Manager.

  9. Accounting and Inventory Controls Salesman gives money to Fin/Acct Manager with copy of receipt. Salesman gives a receipt to the Inventory Manager.

  10. Accounting and Inventory Controls Fin/Acct Manager records weeks’ sales.

  11. Accounting and Inventory Controls Every Friday the Fin/Acct Manager gives Acct clerk a bank deposit slip and cash to make a deposit. • After making the deposit, the Acct clerk returns the deposit receipt to Fin/Acct Manager.

  12. Accounting and Inventory Controls The Fin/Acct and Inventory Departments double-check records.

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