Business Cycle

REVENUE CYCLE

Is one of the Business Cycle, which is the revenue cycle is focusing on the profit or income on the business, The word cycle it’s means the sequence or succession of the business. It focuses the products their possession and priced in term of selling that product weather the price we given they able to have gain and benefits from the business. Actually the processes of the product in selling of the product from the company management they will have the midpoint for the selling of the company. Revenue cycle it occurs to the company when they sell the product if ever the company collect in full point of the sale furthermore they record the purchase that’s the way the revenue cycle complete and it usually done by the account receivable the department of the company.

In revenue cycle also have the Management for service Based Business, the company has a service selling it include the charge of the products as the same time. The management of this cycle for service business, it process in if they collect for services and supplies used at time of billing and it goes into the same revenue cycle processes if they only selling the services. Revenue cycle has collections processes that focus on the money for the business. Actually it is the process of the between the company and the purchaser, the company has a contract to the consumer for the full payment of the said amount of the product they sell to the purchaser they will update the time when must the consumer of the products complete the total amount. Usually it goes something like 30 days fallowed days or the date for the said payment.

The Expenditure cycle

This cycle is of the processes that could help define the point of business or the consumer purchased the given good services that necessary to the sell they have decide the term of the full payment of the purchaser. The process of this transaction was on the policies they talk about the company to the consumer of the product and services, all of these things are based on the step they vary. Its company has an agent to review demands or a request they find the requested item or product if they have steel available items for the purchaser. As of now at this days and times come the demand of the consumer has the possibilities it will increase or maybe decrease it depend on the demand of the consumers and population of the country. So it companies must prepared there products for the consumer.

Conversion Cycle

It is a conversation process that must have the acquisition of materials, and labor, in business it must be alert on to the labor, materials o f the company. On this conversion cycle has major groups of conversion cycle, which centered on the inventory. Inventory on conversion cycle is the process or a work to the required personnel to inventory the stocks of the products of the company it will set a schedule to inventory, trough this conversion it easy to determined the money-out and the money-in and the numbers of product if it was balance on the entirety money. We have payroll on this conversion cycle on this situation pointing on the employee on the company where they work for. The payroll of the employee it must on time as the company promise to them and the exact day or date for the payroll, we also a polices for the employer against to the company whop did not fallow the polices in term of payroll.

Treasury Cycle

It is the timing of the frequency of treasury instruments the transaction include the finance operation of the business. In nature of the business the service concern on deals of the rendering of services to the costumer.


POSTED BY: MIRASOL TAMPON