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how the sales/collections process mirrors the purchase/payments process?

how the sales/collections process mirrors the purchase/payments process?

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Answer #1

SALES/ COLLECTION PROCESS mirrors the PURCHASE /PAYMENT process in following ways

Mirror Steps of the Sales/Collection and Purchase/ Payment Process:

  • Taking orders from the customers on the other hand Placing order to the supplier.
  • Accept orders according to the credit approved on the other hand requesting them to approve our order according to our credit value.
  • Prepare for the dispatch after credit satisfaction on the other hand waiting for the order placed after credit satisfaction of supplier
  • Sending Shipment of the product on the other hand recieving shipment of the product
  • Sending Paper work and billing of the customer on the hand receiving papers and billing of the supplier.
  • Collecting payment from the customer on the other hand making payment to the supplier.
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