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Payroll and Cash Management Process

This document outlines the payroll and vendor payment process. It shows that employee time cards are approved by supervisors then sent to payroll where wages are calculated. Payroll prepares payment summaries, pays vendors from invoices, and issues paychecks. Cash disbursement records and general ledgers are updated when the bank processes payroll and vendor checks.

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Andrea Nicole Palalon
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© All Rights Reserved
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52 views2 pages

Payroll and Cash Management Process

This document outlines the payroll and vendor payment process. It shows that employee time cards are approved by supervisors then sent to payroll where wages are calculated. Payroll prepares payment summaries, pays vendors from invoices, and issues paychecks. Cash disbursement records and general ledgers are updated when the bank processes payroll and vendor checks.

Uploaded by

Andrea Nicole Palalon
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Employee Supervisor Payroll Check Cash Disbursements Vendor

Time Card Time Card Time Card Invoice


Payroll
Summary Invoice

Approve Calculate Payroll


and Sign Prepare Payroll
Approve payroll summary and prepare
Summary and
pay checks. Determine dues for vendor,
Liquidate Payroll
payments from invoice and update AP on
Time Card Record.
due date and write vendor checks.

Payroll Cash
Records Payroll Distribution
Summary Journal
Check
Accounts
Payable

Check Review and


Distribute Check Invoice Check
Check
Check Check
A Copy Copy
B

Bank General Ledger


Check B Check
A
Update Cash General Cash
Check Check
Account Account
Copy Copy
Update General General Ledger
Invoice Ledger
Bank process payroll and vendor checks.
CUSTOMER MAILROOM DATA PROCESSING DEPARTMENT CASHIER

A
Start
Edit data, compute
batch tools, update AR
Endorse checks, Deposit Slip Checks
Checks master data
fill in amount,
Remittance and prepare
advices batch totals
Exception
report
Checks
Compare
Remittance
advices

Scan cash receipts


data and capture Accounts Cash Checks Deposit Slip
customer account Receivable receipts
Deposit Slip
with OCR master data event data

Batch
Entered Data Deposit
documents Process in
Prepare Slip
batch To bank
reports N

Checks Remittance Prepare deposit


advices slip

Various Cash
To accounts
reports Deposit Slip
receivable
A

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