Posted: Wed Nov 09, 2005 4:33 am Post subject: Controls in a COD Environment
I have almost always found control problems in organisations where Cash on Delivery (COD) sales are treated and accounted for as cash. What are the best practice controls in this scenario?
Joined: 21 Dec 2005 Posts: 2 Location: Jakarta - Indonesia
Posted: Wed Dec 21, 2005 1:45 am Post subject: COD
Dear Cmutsumba,
As far as I knew the best practice is you have to minimize your sales
force carrying cash. The settlement must be done by bank wire or
transfered direct to your company bank account.
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