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Steps in the Accounting Process

Steps in the Accounting Process

Steps in the Accounting Process - The Accounting Process is a sequence of organization activities that is used for gaining quantitative information about the finances. This complex process consists of a set of sequential steps. 9 steps in the accounting process: Analysis of Business Transactions, Make Journal Entries, Post to Ledger Accounts, Prepare Trial Balance, Make Adjusting Entries, Adjusted Trial Balance, Prepare Financial Statements, Close Accounts, Post-Closing Trial Balance. Read more

Basic Flowchart Symbols and Meaning

Flowcharts are the best for visually representation the business processes and the flow of a custom-order process through various departments within an organization. ConceptDraw PRO diagramming and vector drawing software extended with Flowcharts solution offers the full set of predesigned basic flowchart symbols which are gathered at two libraries: Flowchart and Flowcharts Rapid Draw. Among them are: process, terminator, decision, data, document, display, manual loop, and many other specific symbols. The meaning for each symbol offered by ConceptDraw gives the presentation about their proposed use in professional Flowcharts for business and technical processes, software algorithms, well-developed structures of web sites, Workflow diagrams, Process flow diagram and correlation in developing on-line instructional projects or business process system. Use of ready flow chart symbols in diagrams is incredibly useful - you need simply drag desired from the libraries to your document and arrange them in required order. There are a few serious alternatives to Visio for Mac, one of them is ConceptDraw PRO. It is one of the main contender with the most similar features and capabilities. Read more

Purchasing Flowchart - Purchase Order. Flowchart Examples

Create your own flow charts of purchasing business processes using the ConceptDraw PRO diagramming and vector drawing software extended with the Accounting Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park. The flow chart example shows the steps of purchasing business process. Read more

Flow chart Example. Warehouse Flowchart

Warehouse Flowcharts are various diagrams that describe the warehousing and inventory management processes on the warehouses. Typical purposes of Warehouse Flowcharts are evaluating warehouse performance, measuring efficiency of customer service and organizational performance. This type of Workflow diagrams can be used for identifying any disconnection between business activities and business objectives. They are effectively used by warehouse-related people and organizations, manufacturers, wholesalers, exporters, importers, transporters, and others. Standard Warehousing process flow diagram and standard Workflow diagram are used for process identification for further evaluating effectiveness and profitability of overall business process. Use the ConceptDraw PRO vector graphic software extended with Flowcharts solution to design your own professional-looking Workflow diagrams and Flowcharts of any types, including the Warehouse flowchart, Process flow diagrams which depict in details all steps of Warehouse packages flow. Microsoft Visio, designed for Windows users, can’t be opened directly on Mac. But fortunately, there are several Visio alternatives for Mac which will help Mac users to work Visio files. With ConceptDraw PRO, you may open, edit and save files in Visio format. Read more

accounting flowchart, accounting cycle, what is the accounting cycle, accounts payable process flow chart, accounts payable flowchart, steps of accounting cycle, accounting flowchart Accounting Flowcharts

Accounting Flowcharts solution extends ConceptDraw PRO software with templates, samples and library of vector stencils for drawing the accounting flow charts. Read more
accounting flowchart, accounting cycle, what is the accounting cycle, accounts payable process flow chart, accounts payable flowchart, steps of accounting cycle, accounting flowchart

Cross-Functional Flowchart

Use of Cross-Functional Flowchart is a clear way of showing each team member’s responsibilities and how processes get shared or transferred between different responsible people, teams and departments. Use the best flowchart maker ConceptDraw PRO with a range of standardized cross-functional flowchart symbols to create the Cross-Functional Flowcharts simply and to visualize the relationship between a business process and the functional units responsible for that process. To draw the most quickly Cross-Functional Flowcharts, Cross Functional Process Maps, or Cross Functional Process Flow Diagrams, start with a Cross-functional flowchart samples and templates from ConceptDraw Solution Park. The ConceptDraw Arrows10 and RapidDraw technologies will be also useful for you in drawing. ConceptDraw PRO supports designing both types - horizontal and vertical Cross-functional flowcharts. A vertical layout makes the accents mainly on the functional units while a horizontal layout - on the process. If you need a Visio alternative in Mac OS X, try ConceptDraw PRO. Its interface is very intuitive and it’s actually much easier to use than Visio, yet somehow it’s just as powerful if not more so. ConceptDraw PRO performs professional quality work and seamless Visio interaction. Read more

Accounting Flowchart Purchasing Receiving Payable and Payment

Accounting flowchart is a pictorial way to represent the flow of data in an organization and the flow of transactions process in a specific area of its accounting or financial department. Accounting Flowcharts solution contains the full set of standardized accounting flowchart symbols which will help you design in minutes various types of Accounting Flowcharts including such popular diagrams which represent the whole accounting process: Purchasing Flowchart, Receiving Flowchart, Voucher Payable Flowchart, Treasurer Flowchart, Payment Flowchart. Read more
This accounting flowchart example was created on the base of the figure illustrating webpage "CHAPTER 4. CONDUCTING AN ADMINISTRATIVE REVIEW" from the website of the Federal Highway Administration (FHWA) of the United States Department of Transportation. [fhwa.dot.gov/legsregs/directives/orders/toolkita2.htm]
"Business process mapping refers to activities involved in defining what a business entity does, who is responsible, to what standard a business process should be completed, and how the success of a business process can be determined.
The main purpose behind business process mapping is to assist organizations in becoming more efficient. A clear and detailed business process map or diagram allows outside firms to come in and look at whether or not improvements can be made to the current process.
Business process mapping takes a specific objective and helps to measure and compare that objective alongside the entire organization's objectives to make sure that all processes are aligned with the company's values and capabilities." [Business process mapping. Wikipedia]
The business process map of procurement process example "Procurement process mapping" was created using the ConceptDraw PRO software extended with the Accounting Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park. Read more
Procurement Process Mapping
Procurement Process Mapping, terminator, start, end, process, magnetic tape, decision,
Procurement Mapping Process A, B
Procurement Mapping Process A, B, terminator, start, end, process, magnetic tape, decision,

Material Requisition Flowchart. Flowchart Examples

Material requisition is a request generated by internal or external organization with a goal to inform the purchase department about the needed items and materials. The requisition can be represented as a written document on a pre-printed form or online request in form of electronic document. The electronic inquisition occupies a leading position in a modern world, now the paper forms are replaced by electronic ordering processes and workflows. The requisition is actively used in business as an internal document for notification the store about the needed goods, in medicine for making the orders on medical equipment and medicaments, in industry for creation request for purchasing some items and materials, and so on. ConceptDraw PRO vector graphics software extended with Flowcharts solution from the What is a Diagram area is powerful and useful tool for drawing various types of Flowcharts, including without doubt the Material Requisition Flowchart of any degree of detailing. Succeed in drawing using the large quantity of predesigned flowchart specific shapes, symbols and icons. Read more
"A Guide to the Project Management Body of Knowledge - Fifth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle.
The Guide recognizes 47 processes that fall into five basic process groups and ten knowledge areas that are typical of almost all projects.
The five process groups are:
Initiating,
Planning,
Executing,
Monitoring and Controlling,
Closing.
The ten knowledge areas are:
Project Integration Management,
Project Scope Management,
Project Time Management,
Project Cost Management,
Project Quality Management,
Project Human Resource Management,
Project Communications Management,
Project Risk Management,
Project Procurement Management,
Project Stakeholders Management (added in 5th edition).
Each of the ten knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve an effective project management program. Each of these processes also falls into one of the five basic process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group." [A Guide to the Project Management Body of Knowledge. Wikipedia]
The flow chart example "Project management life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Flowcharts solution from the area "What is a Diagram" of ConceptDraw Solution Park. Read more
Flowchart - Project management life cycle
Flowchart - Project management life cycle, process,
Used Solutions

Product Proposal Template

This template was created in ConceptDraw PRO diagramming and vector drawing software using the Block Diagrams Solution from the “What is a Diagram” area of ConceptDraw Solution Park. This template shows the Product Proposal Diagram on that is displayed the sequence of the product planning steps. This diagram is convenient, visual and clear. Read more

How to Create Presentation of Your Project Gantt Chart

During the planning, discussing and execution of a project you may need to prepare a presentation using project views such as the Gantt Chart, Multiproject Dashboard or Resource Usage View. It’s easy do with ConceptDraw PROJECT! Read more

Cross-Functional Process Map Template

When you need a drawing software to create a professional looking cross-functional charts, ConceptDraw with its Arrows10 Technology - is more than enough versatility to draw any type of diagram with any degree of complexity. Use templates with process maps, diagrams, charts to get the drawing in minutes. Read more

Activity Network (PERT) Chart

Activity Network and Project Evaluation and Review Technique, or PERT, charts are a way of documenting and analyzing the tasks in a project. This diagram is constructed as part of the process in creating a schedule of corrective actions. The Activity Network Chart (PERT) shows the logical connections and consequence of tasks to be performed. It displays the time period for problem solving and the implementation of all activities through the critical path. Read more