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SALES Maryam Khan S2016113001 UMT

Internal Control on Sales

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Page 1: Internal Control on Sales

SALES

Maryam KhanS2016113001

UMT

Page 2: Internal Control on Sales

Content Introduction Planning and controlling Departmental Structure Documentation and record Sales Process Sales Return Process Credit Approval/Claims Revenue System and Documentation Control and Risk

Page 3: Internal Control on Sales

Introduction A sequential series of actions by the salesperson to fulfils customer need and wants.

Toolkit to increase the profitability of advancing salesBuild customer trustDifferentiate yourselfAccomplishment of Objectives and Goals

Page 4: Internal Control on Sales

Departmental Structure

Page 5: Internal Control on Sales

Documentation and Record

Price List Packing SlipPurchase Order Shipping LogCredit Limit Packing SlipSales Order Bill of LandingSales Invoice Summary at the end of day

Page 6: Internal Control on Sales

Sales Process

Page 7: Internal Control on Sales

Cont.

Page 8: Internal Control on Sales

Sales Return Process

Page 9: Internal Control on Sales

Cont.

Page 10: Internal Control on Sales

Credit Approval

Page 11: Internal Control on Sales

Revenue system with paper documents

Page 12: Internal Control on Sales

Control and Risk Authorization of transactions and Segregation of duties Adequate records and documents Security of assets and documents Independent checks and reconciliation Frequent changes made to sales prices or customers Pricing structure is complex or based on estimates Large volume of transactions One or few key customers Shipments not controlled directly by the company Product mix is difficult to differentiate Shipping and/or recordkeeping at multiple locations Analyzing

Page 13: Internal Control on Sales
Page 14: Internal Control on Sales

Yesterday is gone, Tomorrow isn’t certain.

So you’d better startTODAY

Thankyou