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STL Company acquires sales through several ways. They deploy sales agents to find prospective customers through participation in government bidding for construction of public infrastructures and offer the construction company who wins the bid that they supply the needed steel products and roofing materials. Sales agents also go to different hardware shop to negotiate that they supply steel products and roofing materials. On the other hand, profiled clients from Visayas and Mindanao calls the STLVismin Branch to place their orders. Once the customer accepts their offer and places order. The sales order department requests credit approval from the credit department. Credit department informs sales order department of the disposition of the credit request. Sales order department acknowledges order from the customer and notifies the warehouse where the availability of stocks is checked. If there are no more stocks, then requisition of material is prepared. Clients are required to pay a down payment which is half the total amount of all the orders. STL Company also accepts order customization still going through the same process as to over the counter transaction. STL Company uses the following procedures to process the cash received from credit sales. Customer sends checks to STL Company. The mailroom clerk endorses the checks and writes the amount paid and the check number. The mailroom clerk prepares a batch total of the remittance to accounts receivable along with the copy of the batch total. Consequently, the clerk sends the corresponding batch of the checks to the cashier. In accounts receivable, a clerk enters the batch into an online terminal by keying the batch total, the customer number, the invoice number, the amount paid, and the check number. After verifying that the invoice is open and that the correct amount is being paid, the computer posts the payment to the accounts receivable master file. If there are any discrepancies, the clerk is notified. At the end of each batch, the computer prints a deposit slip in duplicate on the terminal in the cashier's office. The cashier compares the deposit slip to the corresponding batch of checks and then takes the deposit to the bank.

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As they are entered, the check number and the amount paid for each

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transaction are logged on tape. This log is used to create a cash receipts listing at the end of each day. A summary of customer accounts paid that day is also printed at this time. The accounts receivable clerk compares the reports to the remittance advices and batch totals and sends the total of the cash receipts to the general ledger office.
In delivering of materials, the Warehouse Department is responsible in

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releasing the delivery/shipment. After which, physical inventory and reporting shall be made by preparing the weekly inventory report. The Accounting Department will sign the delivery receipt followed by the Plant Manager who will do the same task. Lastly, the Sales Department should check the produced materials and prepare its delivery receipt. The unloading and physical counting should be done immediately and so the checking and inspecting the loading of materials. It will then facilitate the delivery report by producing the delivery receipt.