Revenue

The proper identification and acceptance of all sales are an important element of internal control for a company’s income statement. It represents the primary source of most companies’ operational cash flow and therefore needs to be protected, managed and monitored using financial internal controls. The following revenue template procedures should be utilized to account for and recognize all sales income of the company. Use accounts receivable or sales order form templates for your accounting revenue cycle procedures to ensure efficiency and success in your accounting department.

Standard Operating Procedure Templates

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