Documente Academic
Documente Profesional
Documente Cultură
SYSTEM
Submitted to:
Mr. Mac Kerwin P. Visda, CPA
Submitted by:
Batalla, John Waren
Belarmino, Maria Djanella
Estraza, Chelsea Joelle
Fabul, Princess May
Quiambao, Arnold Jr.
Santos, Pauline
May 2, 2017
I.
A. Introduction
On the other hand, information technology (IT) and AIS are key
elements for removal of location and time limitations, better and rapid
access to information, up to date information, etc. Furthermore,
advances in information technology have driven change in the
collection, measurement, analysis and communication of information
within and between organizations.
Company Profile
Moreover, employees will also benefit from this aside from the
management itself because instant and reliable receipts, invoices,
credit notes, sales order, purchase order, payroll documents, and
financial statements may be generated automatically which would
lessen the workload for them while also improving the quality of their
performance. Customers will also benefit if the company applies an
accounting system because they will receive a better quality of service
since their transactions are accounted for, processed faster and has a
customer database for storage. To the future researchers and business
entities, this study can provide baseline information and be used for
decision making on whether to apply an accounting system for their
company.
C. Scope Limitations
II.
A. Transaction Processing System
REVENUE CYCLE
The proposed cash receipt system begins with the receipt of the
check and remittance advice from the customer remittance advice is
a letter sent by a customer to a supplier, to inform the supplier that
their invoice has been paid. It accompanies the check. Then, the clerk
assigned in the department reconciles checks with the remittance
advice and reviews all remittance advice by preparing a remittance list.
The check and remittance advice together with the prepared remittance
list is sent to the cash receipt department.
EXPENDITURE CYCLE