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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
Steps in the Accounting Process *

Sample 1. Steps in the Accounting Process

This diagram was created in ConceptDraw DIAGRAM and illustrates the steps in the accounting process.

ConceptDraw DIAGRAM extended with Accounting Flowcharts Solution will help you facilitate your accounting process. Accounting Flowcharts Solution contains the useful and convenient tools for easily drawing the Accounting Flowcharts.

Designing the accounting flowcharts with complex steps in the accounting process, you can use the useful technique – replace some details in a separate flowchart.

Accounting Flowchart – Procurement Process Mapping

Sample 2. Accounting Flowchart – Procurement Process Mapping

This sample was created in ConceptDraw DIAGRAM using the Accounting Flowcharts library from the Accounting Flowcharts Solution and shows the accounting flowchart of the procurement process mapping. An experienced user spent 10 minutes creating this sample.

Use the ConceptDraw DIAGRAM with Accounting Flowcharts Solution to show the steps in the accounting process, the steps of accounting cycle and to create your own professional looking Accounting Flowcharts of any complexity quick and easy.

The Accounting Flowcharts produced with ConceptDraw DIAGRAM are vector graphic documents and are available for reviewing, modifying, and converting to a variety of formats (image, HTML, PDF file, MS PowerPoint Presentation, Adobe Flash or MS Visio).






TEN RELATED HOW TO's:
It doesn’t matter what kind of business you have, a bar or a gym, there are common concepts for any of them. One of those concepts is accounting, and to facilitate the work with the figures, you can use accounting flowchart symbols and create a clear and representative scheme. You can create flowchart for auditing, tax accounting and even for planning your own budget. A graphical tool for displaying successive processes is flowchart. This method is mostly suited to represent an accounting process. The sequence of steps in the accounting process usually consists of standard accounting procedures, that can be depicted by using a minimal number of symbols, applied for the basic flowcharting. The advanced opportunity to create professional Accounting Flow charts is provided by ConceptDraw Accounting Flowcharts solution. It includes contains a library of accounting flowchart symbols used when drawing the accounting process flow.Accounting Flowchart Symbols
Picture: Accounting Flowchart Symbols
Related Solution:
Use ConceptDraw DIAGRAM with Accounting Flowcharts solution to document and communicate visually how accounting processes work, and how each operation is done.Accounting Flowchart: Purchasing, Receiving, Payable and Payment
Picture: Accounting Flowchart: Purchasing, Receiving, Payable and Payment
Related Solution:
ConceptDraw MINDMAP - an excellent tool for exporting mind maps to PowerPoint to visualize and presenting your project. You can simply generate, change, update your mindmap and then make a presentation in PowerPoint.How To Do A Mind Map In PowerPoint *
Picture: How To Do A Mind Map In PowerPoint
Related Solution:
Accounts Payable Process Flow Chart - ConceptDraw DIAGRAM diagramming and vector drawing software extended with Accounting Flowcharts Solution provides the useful tools that will help you create easily and quickly. The Accounts Payable Process Flow Chart is very popular and widely used type of accounting flowcharts. Now their designing is simple thanks to the Accounting Flowcharts Solution that provides the Accounting Flowcharts library of predesigned commonly-used shapes and a set of templates and samples.Accounts Payable Process Flow Chart *
Picture: Accounts Payable Process Flow Chart
Related Solution:
The purchasing process follows very specific guidelines and includes a purchasing cycle flowchart and receiving process flow chart. Common key elements of purchasing process. It is important to know how purchasing processes work and how each operation is done.Purchase Process Flow Chart,<br>Receiving Process Flow Chart,<br>Accounting Flowchart Example. *
Picture: Purchase Process Flow Chart,Receiving Process Flow Chart,Accounting Flowchart Example.
Related Solution:
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.Accounting Flowchart Purchasing Receiving Payable and Payment *
Picture: Accounting Flowchart Purchasing Receiving Payable and Payment
Related Solution:
To describe the accounting processing use ConceptDraw Flowchart set of symbold created for Accounting data processing. Tips, Methods and Symbols on How to Create Flowcharts for an Accounting Information System.How Do You Make An Accounting Process Flowchart? *
Picture: How Do You Make An Accounting Process Flowchart?
Related Solution:
While creating flowcharts and process flow diagrams, you should use special objects to define different statements, so anyone aware of flowcharts can get your scheme right. There is a short and an extended list of basic flowchart symbols and their meaning. Basic flowchart symbols include terminator objects, rectangles for describing steps of a process, diamonds representing appearing conditions and questions and parallelograms to show incoming data. This diagram gives a general review of the standard symbols that are used when creating flowcharts and process flow diagrams. The practice of using a set of standard flowchart symbols was admitted in order to make flowcharts and other process flow diagrams created by any person properly understandable by other people. The flowchart symbols depict different kinds of actions and phases in a process. The sequence of the actions, and the relationships between them are shown by special lines and arrows. There are a large number of flowchart symbols. Which of them can be used in the particular diagram depends on its type. For instance, some symbols used in data flow diagrams usually are not used in the process flowcharts. Business process system use exactly these flowchart symbols.Flowchart example showing a customer request approval process with start, input output, process steps, decision branches, and end
Picture: Flowchart Symbols: Meaning and Examples
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Circular Diagram is a type of diagram widely used in marketing and economics for visualization information in a clear and visual form. ConceptDraw DIAGRAM diagramming and vector drawing software offers the useful tools of the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park for effective drawing a Circular Diagram of any complexity and design.Circular Diagram *
Picture: Circular Diagram
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The ConceptDraw Flowchart component includes a set of samples and templates. This geathered as flowchart maker toolbox which focused on drawing flowcharts of any industry standards.Flowchart Components
Picture: Flowchart Components
Related Solution:
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DIAGRAM 18