Process Flow for Receipt Accounting
Statements of various banks for a specified period
List all the credits received from various means
List down the Name of Source, Cheque no, Amount & Date.
Filter out all credits received other than from entities. This process is carried out by a trained accountant.
Communicate with the concerned for clarifications if any
Match the entity name & Amount
Clarifications of adjustments, short or excess or wrong payments etc
The transaction is updated with relevant details & posted in Ledger
Detailed report with matching transactional references
A list of mismatch transactions is prepared in excel format & sent through email. This Process is carried out by the Trained Supervisor
Corresponding transactions are accounted as instructed by the Client. This Process is carried out by the Trained Accountant.
The details are posted ensuring Audit Trail. This Process is carried out by the Trained Accountant
Sent to the concerned. This Process is carried out by the Trained Supervisors
The Invoice details will be accessed from the Client's Server / ERP system for matching. This Process is carried out by the Trained Accountant
