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Flashcards in Supplement - Routines of Bookkeeping Deck (6)
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What are some of the typical daily routines

Receiving Mail

Distribution of Documents

Entering Purchase Invoices

Entering Sales Invoices

Making Deposits

Issuing Checks



What are Some Monthly Routines?

Monthly Remittances

Posting and Balancing


What is Receiving Mail?

It's to check to see if any checks or invoices are in the mail and without this process, documents could be misplaced or not handled until they become critical.


What is Distribution of Documents?

it's when a Document is stamped by a specifically design stamp for the company


What stamp is put on all checks received by the company?

For deposit to the credit of XY Consumer Products


What kind of Monthly Remittances are due?

Payroll deductions, Provincial Sales Tax, and Goods and Services Tax