Question
I need flowchart for this information for al mimi company for wood please It is located in Palestine in the town of Al-Ram, and it
I need flowchart for this information for al mimi company for wood please
It is located in Palestine in the town of Al-Ram, and it is one of the giant merchants in the West Bank. Al mimi company is member of local trade association and wood trade association. They work by purchasing wood and carpenters' supplies and distributing them to retailers and carpenters, owned by four brothers and have many assets including offices, computers and Mercedes transport vehicles, and have 6 employees, including accountants, including administrators and transport staff.
Mimi follows Bisan accounting system and the purpose of AIS is to know the cash position of the shop, the profitability and net cash payable for purchases at any time.
Listing of its key accounting transactions:
- Purchase of wood and carpenters' supplies from the largest merchants
- Selling wood and carpentry supplies either to retailers through sales representatives or to customers directly
# Some wood is imported from other countries
- Pay rents and salaries
- Pay utility bills like electricity, water, etc.
Listing of the varied users of its AIS
Company directors
Sales Accountant
Procurement Accountant
Staff responsible for preparing requests
The accounting system gives the user the most important information that accountants need to know, such as: the amount of purchases and the amount of sales
Detailed information about customers and their purchases such as: the amount of goods required for each customer, how much is owed on him, what did he pay and how much is left? Payment method: cash, checks or credit
When does he finish paying all his installments?
Detailed information about the company's purchases, such as: What is the amount of wood needed to buy and sell
Getting the best price when buying the print, comparing more than one price to more than one company, getting the best, and getting a comfortable payment method
Detailed information about the company's sales, such as: increase or decrease in sales
Monitor achievement, increased or decreased
And knowing the status of receivables, increased or decreased
It also gives an indicator for employees and salaries, where the fingerprint system is used to find out the number of hours worked per employee
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started