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Accounting Payable System

Accounting Payable System. OKYANA NUR SAFITRI 105030207121001 EDELWIS. Purchase Return System. DEPARTMENTS RELATED: Purchasing department Warehouse department Shipping department Accounting department. Document used: 1.Memo debit 2. Shipping goods report. Accounting record:

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Accounting Payable System

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  1. Accounting Payable System OKYANA NUR SAFITRI 105030207121001 EDELWIS

  2. Purchase Return System DEPARTMENTS RELATED: Purchasing department Warehouse department Shipping department Accounting department Document used: 1.Memo debit 2. Shipping goods report • Accounting record: • Purchase return journal • Inventory / stock card • Payable card

  3. PAYABLE RECORD METHODS 1. ACCOUNT PAYABLE PROCEDURE 2. VOUCHER PAYABLE PROCEDURES ONE TIME VOUCHER PROCEDURES BUILT –UP VOUCHER PROCEDURES Cash Basis Accrual Basis

  4. Differences between acc.payable procedures and voucher payable procedures… acc.payable procedures: note payable in this method is an debtcard which made for every creditor. It shows the record about number of supplier’s invoice, total payment, and payable balance voucher payable procedures: There is no debt card, but a file consist of vouchers which is saved based on alphabetical or based on it’s due date. This file used as an debt record

  5. Account Payable Procedure Document used : a. invoice from supplier b. receipt Accounting record : a. acc payable card b. purchase journal c. cash payment journal Invoice from supplier Purchase journal Transaction record when payable arise Acc payable card Transaction record when payable paid Cash payment journal Receiptfrom supplier

  6. VOUCHER PAYABLE PROCEDURES Document used: voucher or voucher check Accounting record: a. voucher register b. check register

  7. 3 2 INVOICE 1 FROM SUPPLIER Invoice saved temporary due date MAKE VOUCHER One-time voucher procedures with cash basis Due datee date INVOICE 3 3 2 VOUCHER 1 Send to creditor with the check Cash Payment Journal A N

  8. One-time Voucher Precodures with Accrual Basis 1 INVOICE from supplier FILL THE CHECK MAKE VOUCHER INVOICE 3 SOP 3 3 2 VOUCHER 1 3 2 CHECK VOUCHER 1 A INVOICE 3 2 VOUCHER 1 N A CHECK REGISTER VOUCHER REGISTER 1 Full-fledged voucher system Send to supplier

  9. INVOICE FROM SUPPLIER INVOICE FROM SUPPLIER Built-up Voucher Procedures RECORD INVOICE IN THE VOUCHER 3 2 Voucher file which not be paid yet is an payable record with accrual basis VOUCHER 1 Voucher taken from the file A 3 2 VOUCHER 1 VOUCHER REGISTER Send to the cashier when the voucher is in due date

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