[sean]

Hey there, hope you guys can help me answer a question. What are the main ways that a serially numbered receipt or sales order help strengthen internal controls? I understand that it is beneficial if physical receipts match the system as they would reconcile and one could track down an error in the system to the copied prenumbered receipt. But Im trying to wrap my head on the other benefits?

Or let me ask in another way, did a weakness in control occur if prenumbered receipts are not handed out in order? If one is skipped? Sorry if these questions sound vague, but I always see that having prenumbered receipts are part of a strong control and would like real life examples.
Thanks

[Mike J]

Let me ask you this, if you couldn't ensure that the underlying docs (Sales receipt, merchant invoice, receiving document) correspond to the same goods purchased, how do you know a chosen transaction is a valid business transaction? Couldn't I in theory just print a set of documents that didn't have a tracking number? There is no guarantee, here, but at least you are able to establish a chain of custody. So if something happens, you can try to isolate the step in the process for further scrutiny.

AUD - 90
BEC - 79
FAR - 77
REG - 77

They don't trust JUST ANYBODY to count beans

[Author]

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