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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).


Process Flow Chart →

A Process Flow Chart is a type of flowchart which is mostly used in industrial, chemical and process engineering for illustrating high-level processes, major plant processes and not shows minor details. ConceptDraw DIAGRAM diagramming and vector drawing software extended with Flowcharts Solution from the "Diagrams" Area of ConceptDraw Solution Park is the best way to create Process Flow Chart and other types of flowcharts.Process Flow Chart *
Picture: Process Flow Chart
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Flowchart on Bank. Flowchart Examples →

This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Flowcharts solution from the Diagrams area of ConceptDraw Solution Park. This sample shows the Flowchart of the Subprime Mortgage Crisis. This Flowchart describes the decline in housing prices when the housing bubble burst and what it caused on the housing and financial markets. You can also see the Government and Industry responses in this crisis situation.Flowchart on Bank. <br>Flowchart Examples *
Picture: Flowchart on Bank. Flowchart Examples
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Data Flow Diagram →

There are many ways to define the flow of information within a system. Structured-systems analysis method often uses data flow diagrams to show data flow, data storages and data processing visualization. These diagrams are easy to develop and quite useful. Here is a dataflow diagram presenting an example of the manufacturing process flow. The oval process shapes represent a process that controls data within the current system. The process may produce data or make some action based on data. Data flows are represented by lines. They show the movement of information through the system. The direction of the data flow is depicted by the arrow. The external entities are shown by rectangles. They represent the external entities interacting with the system. The data store objects (unclosed rectangles) are used to show data bases participating in a process flow.Data Flow Diagram *
Picture: Data Flow Diagram
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Sales Process Flowchart. Flowchart Examples →

Process mapping helps with sharing business results and reorganizing workflow. In almost every case, after creating a sales process flowchart the steps that are redundant become obvious for a manager. It's easy to find a flowchart examples that will help in developing one for your business. This sales process flowchart consists of a sequence of steps that represent a simple sale process. Each step is shown graphically by a rectangle representing processing steps or an activity, or a diamond representing a decision. These rectangles are linked by arrows, that indicate the direction of the sales workflow. ConceptDraw Sales Flowcharts solution delivers a the full set of classical flowchart notation symbols, along with sales-related icons and pictograms.Sales Process Flowchart. <br>Flowchart Examples *
Picture: Sales Process Flowchart. Flowchart Examples
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What can go wrong if the purchasing process is not followed? →

Make sure that your purchasing process complies with the standards and regulations. Common key elements of purchasing process.What can go wrong if the purchasing <br>process is not followed? *
Picture: What can go wrong if the purchasing process is not followed?
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Process Flow Chart Examples →

Process Flow Chart is a visual illustration of overall flow of activities in producing a product or service. How do you make a Process Flow Chart usually? Drawing process flow charts, diagrams and maps is quite complex and lengthy process, especially if you draw free-hand. But now thanks to the ConceptDraw DIAGRAM diagramming and vector drawing software extended with Flowcharts solution from the "Diagrams" area of ConceptDraw Solution Park this process became simple and fast. A confirmation of this can serve many Process Flow Chart examples included in Flowcharts solution.Process Flow Chart Examples *
Picture: Process Flow Chart Examples
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Approval Process and Segregation of ResponsibilitiesAccounting Flowchart Example →

How to build segregation of duties using drawing tools from Accounting Flowcharts Solution for ConceptDraw DIAGRAM software.Approval Process and Segregation of Responsibilities<br>Accounting Flowchart Example *
Picture: Approval Process and Segregation of ResponsibilitiesAccounting Flowchart Example
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Network Diagramming Software for Design. Cisco Network Diagrams →

Working with disordered network data can be quite exhausting. Sometimes it's necessary to find a network diagramming software to design Cisco network diagrams that would be easy to use and would be able to export diagrams to various graphic formats. ConceptDraw DIAGRAM is a great diagramming tool that is able to perform all these tasks easily. This vector library represents a set of 26 objects depicting the manufacturer - standard equipment of Cisco switches and hubs. This is only a small part of the vector graphic objects of Cisco equipment that comprise the Cisco Network Diagrams solution. In full the ConceptDraw Cisco Network Diagrams solution has 15 libraries, containing more then 500 objects to create a Cisco network diagrams. They can be used by IT specialists and corporative IT divisions, system and network administrators to make the visual documentation of Cisco networks topology.Cisco Network Diagrams
Picture: Network Diagramming Software for Design. Cisco Network Diagrams
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Program to Make Flow Chart →

Use ConceptDraw DIAGRAM diagramming and business graphics software for drawing your own PM life cycle flow charts.Program to Make Flow Chart *
Picture: Program to Make Flow Chart
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