Made with
ConceptDraw
DIAGRAM 18

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:
A flowchart is a powerful tool for examining processes. It helps improving processes a lot, as it becomes much easier to communicate between involved people, to identify potential problems and to optimize workflow. There are flowcharts of different shapes, sizes and types of flowchart vary from quite basic process flowcharts to complex program flowcharts. Nevertheless, all these diagrams use the same set of special symbols like arrows to connect blocks, parallelogram to show data receiving or rectangles for showing process steps. Basic flowcharts are used to represent a simple process algorithm. A basic flowchart notation consists of rectangles (business processes), arrows (the flow of information, documents, etc.). The same notation is used in items such as the "decision", which allow you to do the branching. To indicate the start of the entire business process and its termination can be used the "Terminator" element. The advantages of Basic Flowchart are simplicity and clarity. With it you can quickly describe the business process steps. Creating of Basic Flowchart does not require any special knowledge, as easily understand by employees with different levels of education and IQ.Types of Flowchart — Overview
Picture: Types of Flowchart: Comprehensive Overview
Related Solution:
You dream to draw Flow Chart without efforts? ConceptDraw DIAGRAM diagramming and vector drawing software extended with Flowcharts Solution from the Diagrams Area of ConceptDraw Solution Park will help you!Draw Flow Chart *
Picture: Draw Flow Chart
Related Solution:
The intuitive interface of ConceptDraw MINDMAP and the Functional Tools overview below will guide you in creating and demonstrating powerful mind map presentations using template. An advanced tool allows you effectively generate, change, and update your presentation.Create a Presentation Using a Design Template *
Picture: Create a Presentation Using a Design Template
Related Solution:
Event-Driven Process chain Diagrams for improvement throughout an organisation. Best software for Process Flow Diagram. The Event-driven Process Chain (EPC) Diagrams allows managers to plan processes and resources.Business process Flow Chart — <br>Event-Driven Process chain (EPC) diagrams *
Picture: Business process Flow Chart — Event-Driven Process chain (EPC) diagrams
Related Solution:
Auditing Process, Audit Planning Process - The audit is complex process of independent examination of data, statements, operations, financial performances of an enterprise for a stated purpose. The auditing process consists of defined quantity of audit steps. Planning is fundamental stage of auditing process. The carefully thought-out audit planning process ensures the success of the business project.Auditing Process. <br> Audit Planning Process *
Picture: Auditing Process. Audit Planning Process
Related Solution:
ConceptDraw the easy flowchart software that gives users the ability to draw any type of flowcharts. Fast visualization of the structured data with the vector stencils from object libraries by using RapidDraw technology.Easy Flowchart Software
Picture: Easy Flowchart Software
Related Solution:
Tips on how to make an accounting flowchart. Describing methods and symbols that are used to represent the accounting system.How to Make an Accounting Process Flowchart *
Picture: How to Make an Accounting Process Flowchart
Related Solution:
The steps of accounting cycle include the processes of identifying, collecting, analyzing documents, recording transactions, classifying, summarizing, posting, and preparing trial balance, making journal entries, closing the books and final reporting financial information of an organization. Use the ConceptDraw DIAGRAM with Accounting Flowcharts Solution to create your own professional Accounting Flowcharts of any complexity quick and easy.Steps of Accounting Cycle *
Picture: Steps of Accounting Cycle
Related Solution:
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
DIAGRAM 18