Accumulated
Depreciation

(Balance Sheet)
Accumulat...
Overheads
Payable

(Balance Sheet)
Overheads...
Stakeholder
Stakeholder
Document Name & Definition
Document Name & Definition
General Ledger Effect
General Ledger Effect
Sales Manager
Sales Manager
Order received 
Order receive...

Receiving the order by sales department means accepting the order from customer.
Receiving the order by sales department means accepting the order...
The order requirements are completed and officer prepares the order.
The order requirements are completed and officer prepares the order.
Sales Order 
Sales Order 
Sales Officer
Sales Officer
Sales Department Head
Sales Department Head
Sales Order Approval
Sales Order A...
The approval is needed from head of the department before service is provided.
The approval is needed from head of the department before service...
Accounts Recievable Officer
Accounts Recievable Officer
Services Provided
Services Provi...
Services are performed by our company.
Services are performed by our company.
Debit
Debit
Credit
Credit
Customer
Receivable

(Balance
 Sheet)
Customer...
Sales
Revenue

(Income
 Statement

(P&L))
Sales...
Transaction is impacting Balance Sheet and Income Statement (P&L)%3
Transaction is impacting Balance Sheet and Income Statement (P&L)%3
Accounts Receivable Officer
Accounts Receivable Officer
Recieving Payment
Recieving Pay...
When payment is received, Accounts officer posts entry into Recievable account. This will reduce the recievable which was increased due to invoice
When payment is received, Accounts officer posts entry into Reciev...
Customer
Receivable

(Balance
Sheet)
Customer...
Cash
(Balance
 Sheet)
Cash...
Transaction is impacting Balance Sheet
Transaction is impacting Balance Sheet
Transaction will record GL entry
Transaction will record GL entry
Transaction will record GL entry
Transaction will record GL entry
Sales Invoice
Sales Invoice
Once service is completed, sales invoice need to be registered to have recievable increased and send to the customer for payments.
Once service is completed, sales invoice need to be registered to...
Customer has placed an order of 10 laptops
Customer has placed an ord...
 Register Sales Order
 Register Sales Order
Need to approve sales order
Need to approve sales order
Prepare sales invoice
Prepare sales invoice
Payment recieved
Payment recieved
Trained Staff
Trained Staff
Technicial/ labour providing services
Technicial/ labour providi...
Salaries
Payable

(Balance Sheet)
Salaries...
Cost of
Sales
 
(Income
 Statement

(P&L))
Cost of...
Transaction is impacting Balance Sheet and Income Statement %3CmxGraphModel%3E%3Croot%3E%3CmxCell%20id%3D%220%22%2F%3E%3CmxCell%20id%3D%221%22%20parent%3D%220%22%2F%3E%3CmxCell%20id%3D%222%22%20value%3D%22%22%20style%3D%22strokeWidth%3D2%3Bhtml%3D1%3Bshape%3Dmxgraph.flowchart.annotation_2%3Balign%3Dleft%3BlabelPosition%3Dright%3BpointerEvents%3D1%3Brounded%3D0%3Bshadow%3D1%3Bglass%3D0%3BlabelBackgroundColor%3Dnone%3Bsketch%3D0%3BfillColor%3D%23AE4132%3BgradientColor%3Dnone%3BfontColor%3D%23FFFFFF%3Brotation%3D-90%3B%22%20vertex%3D%221%22%20parent%3D%221%22%3E%3CmxGeometry%20x%3D%221028.5%22%20y%3D%221790%22%20width%3D%2250%22%20height%3D%22320%22%20as%3D%22geometry%22%2F%3E%3C%2FmxCell%3E%3C%2Froot%3E%3C%2FmxGraphModel%3E
Transaction is impacting Balance Sheet and Income Statement %3Cmx...
Recording Payables
Recording Pay...
There are expenses incurred at company side who performed the service like Technician who worked on the service, need to be paid and other expenses incurred like overheads and depreciations.
So after recieving payment, an entry regarding Salaries Payable, Overheads Payable and Accmulated Depreciation is made.

There are expenses incurred at company side who performed the serv...
Accounts Payables Officer
Accounts Payables Officer
Register payables for cost of good sold
Register payables for cost...
Transaction will record GL entry
Transaction will record GL entry
$100
$100
$100
$100
$100
$100
$100
$100
$70
$70
$40
$40
$10
$10
$20
$20
SALES BUSINESS CYCLE - SERVICE
SALES BUSINESS CYCLE - SERVICE
Debit
Debit
Credit
Credit
Debit
Debit
Credit
Credit
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