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Explanation
The accounts department at Cameron Balloons is a relatively small one. The manager is Stuart Hopkins, and also in the department are Melanie Booth and Simon Whatley. Their main roles are:
External Bureau | - | Wages |
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Hannah Cameron | - | Various other wages and personnel functions |
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Stuart Hopkins | - | (Head of Accounts) Accounts, sales, purchase and cash |
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Melanie Booth | - | Purchase ledger and reception |
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Simon Whatley | - | Petty cash, accounts and wages administration, post and rigging balloons for the production department |
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Much of the other work - the preparation of the year end and management accounts is done by a firm of accountants.
The computer software that handles all the accounts work was, as with much of the other computer software in the firm, written by Don Cameron. This makes it highly individual to the firm, and very efficient. It was written specifically for the needs of
this business - and its unique requirements.
The Managing Director and Production Directors look after the employment of accounts staff. They do the advertising, interviewing and all other selection procedures.
The accounts department also carries out all the invoicing functions. Most balloons are large expensive items and so relatively few invoices are issued for these! However, parts and small sales make up nearly 20% of turnover and the invoicing for these
is obviously more complex. A 30% deposit is expected with orders and payment is required before delivery. If customers fail to pay within 1 calendar month of the invoice, then interest will be charged.
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