Unit 1 Recording income and receipts

This is about the preparation and coding of invoices and credit notes and entering details in a manual and/or computerised system.

• Checking delivery notes to sales orders
• Using sales orders to prepare invoices
• Checking details and calculations eg correct coding, sales tax/VAT, discounts
• Coding of invoices and credit notes and entering them in manual or computerised systems
• Producing statements of account for customers
• Re-performance testing of the process (audit)
• Sample inspecting documentation and reviewing coding for accuracy (audit).

Element 1.2 Process receipts

This is about the checking and recording of receipts in a manual or computerised system. Receipts may be in a variety of forms, for example, cash, standing orders, direct debits, credit cards, automated credit.

• Checking receipts against cash received
• Entering cash received in the cash book and sales ledger
• Noting any differences between payment and invoice
• Re-performance testing of process (audit)
• Sample inspecting of documentation for accuracy (audit).