Controllership Issues Week 2

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Across
  1. 3. In order to arrive at the correct monthly revenue figure, the controller is responsible for completing the customer _______ process
  2. 5. This account is debited when a customer pays their invoice. This account reflects a reduced billing amount if the invoice is paid for within a certain number of days by the customer, if applicable in the credit terms.
  3. 7. This account is debited when services or a product is sold to a customer that is not paying with cash
Down
  1. 1. An accounts receivable is documented through this
  2. 2. One way for a controller to improve the level of an organization’s compliance with sales and use tax regulations is to examine ____ certificates.
  3. 4. There are two scenarios in which a business may not be required to pay sales taxes. They are entity exemption and ____ basis.
  4. 6. When a customer is billed based on how long employees spent completing the service for the customer, this is known as service billings that are ____ based