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Business Enterprise Flow Process

The document discusses various source documents used in procurement and inventory management processes. It mentions delivery receipts from suppliers to record purchases, collection receipts as proof of payment, incoming cylinder receipts to track physical inventory movements, and cheques given to suppliers for payments. It also discusses vouchers prepared after matching purchase orders, receiving reports and invoices, requisition documents to request inventory replenishments, and lists of approved suppliers and evaluation checklists. Finally, it defines purchase orders as official confirmations authorizing purchases with item and price details, delivery dates and payment terms.

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Marjon Villanueva
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56 views10 pages

Business Enterprise Flow Process

The document discusses various source documents used in procurement and inventory management processes. It mentions delivery receipts from suppliers to record purchases, collection receipts as proof of payment, incoming cylinder receipts to track physical inventory movements, and cheques given to suppliers for payments. It also discusses vouchers prepared after matching purchase orders, receiving reports and invoices, requisition documents to request inventory replenishments, and lists of approved suppliers and evaluation checklists. Finally, it defines purchase orders as official confirmations authorizing purchases with item and price details, delivery dates and payment terms.

Uploaded by

Marjon Villanueva
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Central Luzon State University

College of Business Administration and Accountancy


Science City of Muñoz, Nueva Ecija
Delivery receipt from the supplier to be used as source document on their recent purchases whether paid
in cash, in cheque or on account. It must be cross-referenced to collection receipt from the same supplier.
Collection receipt from the supplier is to be used as evidence of payment in cash for purchases. It must be
cross-referenced to delivery receipt from the same supplier.
Incoming cylinder receipt as source document for the physical inventory’s movement.
Cheque to be given to supplier in payment of the inventory purchased.
A voucher is often a pre-numbered form used by the accounts payable department to standardize and
enhance the company’s internal control. It is usually prepared after a vendor’s invoice has been matched
with the company’s purchase order and receiving report.
Document generated by the inventory personnel to notify the purchasing department of items needs to
order, its quantity, and its desired timeframe. It may also contain the authorization to proceed with the
purchase.
Item / Inventory Name 001

Supplier’s name Price Address Contact number

Item / Inventory Name 002

Supplier’s name Price Address Contact number

List of Approved Suppliers


It is a catalogue of the suppliers for a specific inventory to be approved for use by the business.
Checklist for Evaluation of Suppliers
It is a documented set of questions to ensure that new suppliers are properly reviewed for suitability to the
company before purchases are made.
A purchase order (PO) is the official confirmation of an order. It is a document sent from a buyer to a
seller that authorizes a purchase. It indicates the items, quantities, and agreed prices for products or
services. It also outlines the delivery date and terms of payment for the buyer.

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