Reporting of Sales or Cash on Hand

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I. OBJECTIVE

1. To provide guidelines on the process of reporting the daily sales of outlet

 
II. DEFINITION OF TERMS

1. Partial Sales – refers to the sales made by the outlet from the time the store opened until afternoon before banking

2. Remaining Sales – refers to the sales made by the outlet after the (banking of) partial sales until the store closes

 
III. GENERAL POLICIES

Each outlet is required to report to the Accounting Officer their daily sales or cash on hand for the day. The manner of reporting is through text message.

The following format must be used:
COH, (Date), (Outlet), Total, (Amount), P (Amount), R (Amount)

Legend:
COH – Cash On Hand
P – Partial Sales
R – Remaining Sales

 
IV. PROCEDURE FLOWCHART

Flowchart Title
(Not Applicable)

 
V. REFERENCE/INTERFACE PROCESS

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VI. FORMS AND RECORDS

Form Title
(Not Applicable)

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