Segregation of duties--sales and co

Segregation of duties--sales and collections


Matching of sales invoices and shipping documents


Clerical accuracy checks on invoices


Credit approval for sales transactions


Mailing of monthly statements

Reconciliation of bank accounts


Use of control listing of cash receipts


Use of budgets and analysis of variances


Control over shipping and billing documents


Use of authorized credit memoranda


Use of chart of accounts and review of account codings