Every month after billing cycle, a billing report of all expenses of each account is created and delivered to the DT Head office to be analysed, after that, the billing report is separated into the individual invoices where it is sent off to each customer depending on their billing method and delivery method. From here, customers are able to make payments to their bill which gets deducted on the
1. Outline how you monitored cash flow on a daily basis. Cash flow is monitored on a daily basis by keeping the company cash flow statement up to date. A cash flow statement will show the movement of money in and out of the company over a specific period of time. A cash flow statement will show not only the cash that is left at the end of the day, but also the amount that entered and left the business.
1). Internally, a cash flow statement helps an organization check its inflows and outflows of cash; from this the company can see if they have a shortage or surplus of cash. A cash flow statement will also help a company evaluate its ability to pay its bills in a timely manner. Managers can use cash flow statements to see whether he or she has cash available for the day-to-day expenses of the company. Employees can use this statement to estimate if the company will be able to afford compensation.
| | | | |Records are updated when a member of staff |Emergency contact details. | | | |informs head office that their details have | | | | |changed. This is then rectified on paper and | | | | |on the computerised records in finance. | | |Contractual arrangements|Company Secretary |Secure paper based and held by the company |The employment rights act 1996 | |(including pay, terms |Head of HR and Training |secretary. |Tax and National Insurance | |and conditions) |Communications assistant | |Minimum wage act 1998 | | | | |
Create a table with three columns – one for account titles, another for debits and the other for credits. At the top of the table ensure that a date is included so that when accountants look back they know what accounting period it is referring to. 3. Fill in the account titles and record their balances in the appropriate debit or credit columns. The data that will be entered can be found in the general
Once the customer selects the deposit option and the account information is retrieved the customer will then be asked to enter the amount to be deposited. Once the amount has been entered the ATM mechanism to begin the deposit will activate and the customer will be requested to insert the deposit. After the customer places the deposit into the deposit slot mechanism the mechanism will detect it and the deposit slot mechanism will stop. The system will then add the amount of the deposit to the customer’s account and the ATM card will be returned to the
It is the responsibility of Retail Banking to ensure that payment for expense is processed in the first instance and that secondly an adjustment allocation is charged back to both Commercial Banking and Financial Planning cost centres for the expense. The cost allocation basis that is utilised is calculated on the amount of floor space that is allocated to each department which also has a direct correlation to the number of full time equivalent staff. The cost allocation is agreed prior to each financial year by the stakeholders namely the Heads of Retail Banking, Commercial Banking and Financial Planning and is reviewed annually. Once agreement has been reached the outcome is communicated to relevant parties prior to the reporting period. The allocation of space and staff numbers for the reporting period 1st July 2013 to 30th June 2014 are detailed below.
2. Prepare all adjusting entries 3. Below are 3 audit procedures commonly performed during an audit: (20 points) 1. Read the client’s physical inventory instruction and observe whether they are being followed by those responsible for counting the inventory. 2.
Bii Describe the information which need to be shown on your pay slip/ statement. The information on my pay slip includes: •Company name •Employee's name •Tax code •National insurance number •Payment period •Payment method •Employee number •Nett pay Biii Identity two changes to personal information which you must report to your employer. I must report: 1. Change of address. 2.
It will tell you the companies holiday year, and what you are entitle to ( including public & bank holidays) . compassionate leave and time off for family emergencies. sick pay, reporting sickness absense It tells you your hours of works, disciplinary rules and procedures, grievance procedure and notice of termination AC2.2 my payslip shows me the companys name how much hours i have worked in that month and how much net pay i have recieved. It also shows me the amount of tax and national insurancet that has been decuted. My pay slip shows me my my tax code, national insurance number and whom i have been paid by AC2.3 The first step of a griennce procedure is to discuss the problem first if it thenhas not been resolved you can make a grievence complaint.