Virtual Business Analyst
AnyStandard.net
STAN'S
Accounts Receivable
GOALS:
Accounts receivable keeps track of money owed by the customer. Post
accounting transactions dealing with the billing of a customer for
goods and services that the customer has ordered. The department
records each accounts receivable as an asset.
SUPPORTS:
Accounts receivable keeps track of money owed by the customer. Post
accounting transactions dealing with the billing of a customer for
goods and services that the customer has ordered. The department
records each accounts receivable as an asset.
SUPPORTS:
COMMUNICATES with:
- Bank Processors
- Information Technology
- Shipping
- Treasury
| Support Customer Service |
Support
Credit
Credit
Support
Sales
Sales
Support
Finance
Finance
| SALES |
Accounts Receivable
| Merchandise inventory |
Cost of goods sold
Perpetual inventory system
Periodic inventory system
| SALES |
Accounts Receivable
| Purchases |
Merchandise inventory
Hypothetically
Sold 200 units of merchandise for $60 per unit.
Sold 200 units of merchandise for $60 per unit.
| Purchases |
Cost of Goods Sold
| Purchases |
Merchandise inventory
The following journal entry is
recorded at the end of
accounting period.
recorded at the end of
accounting period.
- Credit Card
Issues - Account Status
- Ledger Updates
- Adjustments
- Returns
- Payments
- Order Maint
- Returns
| Support A/P |
- Cash Credit
Return - Cash Inventory
Credit
- A/R Statements
- Bank Remittance
- Credit Card Activity
- Customer Support
- Financial transactions
- Maintain Customer Data
- Maintain Exchange Rates
- Receivables Entries
- Sales Order Maintenance
| Performing tasks |
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- Notification of
Shipment
| $12,000 |
| $12,000 |
| $4,000 |
| $4,000 |
| $12,000 |
| $12,000 |
| $20,000 |
| $20,000 |
| $4,000 |
| $4,000 |
| $16,000 |
| $16,000 |
A/R Support
Support
Customer
Customer
- Disputes
- Invoices
Bank
Processor
Processor
- Mailings
- Bills
- Application
Issues and
Changes
I.T.
Communicates
- Authorize
Payment - Currencies
- Trade
Treasury
Shipping
Contact : Lisa
Accounts Payables for all the Cash Credit Return and the Cash Inventory Credit.
Accounts Receivable supports Credit reporting Returns and Payments made by customers.
A/R will at times communicates directly with the customer inquiring about their payments or activity on their account. Activity
like, rebates, over/under payments, questions on Credit Card Activity.
Support to Customer Service when a customer may call them about Credits, and invoice
A/R will need to make Financial Entries like shown above
Sales at times may even call Accounts Receivable for support. Their Customer may ask their sales rep to work out any
Receivable issues.
Accounts Receivables will work with the Bank Processor managing the funds
Communications to Information Technology for any issues with the data or requesting a process change. This is the most
critical area a Business Analyst should be involved.
Accounts Receivables will check in with Shipping for validation of the Customers Shipment
Treasury will authorize payments in some instances, take care of currency conversion, and possible trade.
All these departments are related to each other and it is up to the Business Analyst to make sure all interactions are thought
about when making any change in any of these departments. Making sure a successful gap analysis is done will ensure nothing
has been overlooked.
Accounts Receivable supports Credit reporting Returns and Payments made by customers.
A/R will at times communicates directly with the customer inquiring about their payments or activity on their account. Activity
like, rebates, over/under payments, questions on Credit Card Activity.
Support to Customer Service when a customer may call them about Credits, and invoice
A/R will need to make Financial Entries like shown above
Sales at times may even call Accounts Receivable for support. Their Customer may ask their sales rep to work out any
Receivable issues.
Accounts Receivables will work with the Bank Processor managing the funds
Communications to Information Technology for any issues with the data or requesting a process change. This is the most
critical area a Business Analyst should be involved.
Accounts Receivables will check in with Shipping for validation of the Customers Shipment
Treasury will authorize payments in some instances, take care of currency conversion, and possible trade.
All these departments are related to each other and it is up to the Business Analyst to make sure all interactions are thought
about when making any change in any of these departments. Making sure a successful gap analysis is done will ensure nothing
has been overlooked.
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