Processing Cycle
Hobel 2 Inc. Processing Cycle
- Send new Client contracts and applications.
- Upon receipt of contracts and applications, forward to Finance Company.
- Receive finance Company approval.
- open ADP account.
- Open checking account.
Payroll
- Receive item sheet for first week of effort, transmit to ADP for payroll.
- Mail checks to employees with a pay date of the third Friday, for the first week, and weekly thereafter.
Invoicing
- Weekly, upon receipt of approval time sheet, prepare and main invoice and time sheet to clients customer.
- Mail copy of invoice to client.
Paid Invoices
- Receive checks in lock box.
- On Friday, process lock box receipts for the period Friday through Thursday.
- Fax paid invoices report to client on Friday evening.
- Send checks to client by priority mail the following Monday.
