The ________ begins with sales representatives and dealers sending orders to the firms and is followed by the sales department preparing invoices, and finally generating shipping and billing documents which are then sent to various departments.
A) payroll system
B) market research process
C) human resources system
D) expense cycle
E) order-to-payment cycle

Question

Quizplus · Accepted Answer

The order-to-payment cycle begins with the process of receiving orders from customers and ends with the payment received from them. In this cycle, the sales representatives and dealers send orders to the firm, followed by the sales department preparing invoices, and finally generating shipping and billing documents. This information is then sent to various departments for processing, such as the shipping department and accounts receivable department. The cycle ends with the payment received from customers, which is then recorded in the accounting system.

The ________ Begins with Sales Representatives and Dealers Sending Orders