to help assure that the customer subsidiary accounts are posted for the same total amount posted to the control account .
At the end of each month , the total of the trial balance of customer account balances ( prepared by the accounts receivable department ) are reconciled to the
general ledger control account by the accounting department supervisor .
Sales invoice batches are dated with the date of shipment , and totals of each batches are accumulated each month and recorded in the accounts receivable
control and sales revenue accounts . The accounting department supervisor approves all monthly summary entries before posting to the general ledger .
The controller approves all cash refunds and allowance credit memos for sales returns , after initiation by customer service .
Cash Management
The monthly bank statements are mailed to the controller ’ s office . Duplicate deposit slips are retained and used when bank deposits are made , the cash receipts
journal listing , and the cash disbursements listing to reconcile the general bank accounts . The payroll bank account is also reconciled , utilizing the payroll register
retained by the controller ’ s office .