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
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.
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:
Drawing workflow diagrams combines both creative and analytic practice. To be the most effective in this process you should find a software that suites this kind of practice. Using ConceptDraw DIAGRAM software for drawing workflow diagrams you get support of features, libraries, templates and samples boosts you creativity and keep you focus on analytic practice, not drawing specifics.
Picture: Drawing Workflow Diagrams
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This sample shows the Purchasing Flow Chart Diagram that displays the money flow in the carbon offset sphere. The carbon offsets are the compensatory measures that the companies make for the carbon emissions. You can see on this sample the groups that have interests in the carbon offsets and the money flow after the carbon offset vendors sold the carbon offsets.
Picture: Purchasing Flow Chart.Purchasing Flowchart Example
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Accounts Payable Flowchart - There is nothing easier than do it in ConceptDraw DIAGRAM. ConceptDraw DIAGRAM diagramming and vector drawing software provides the Accounting Flowcharts Solution from the Finance and Accounting Area of ConceptDraw Solution Park.
The Accounting Flowcharts Solution contains templates, samples and library of ready-to-use predesigned vector objects that will help you create: accounts payable flowchart, accounts payable process flow chart, accounting flowchart of any complexity quick and easy.
Picture: Accounts Payable Flowchart
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Sales process engineering is a complex and labour-intensive process which requires a lot of time, efforts, and powerful software. We recommend to use the ConceptDraw DIAGRAM software enhanced with Sales Flowcharts solution from the Marketing area of ConceptDraw Solution Park. It gives the possibility to easy illustrate all sales process steps and their results.
Picture: Sales Process Steps
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ConceptDraw DIAGRAM is the best program to make workflow diagrams. With the new Arrows10 technology it brings features allow you make workflow diagrams faster then ever before. These features allow you to focus on thinking, not drawing, that makes ConceptDraw DIAGRAM the best program to make workflow diagrams.
Picture: Best Program to Make Workflow Diagrams
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Audit procedures are the specific tests and methods that auditor executes when gathering the evidence which are necessary for making an opinion on the financial statements of the firm. There are three types of audit procedures: data selection, reliability validation, relevance confirmation.
Thanks to the extensive drawing tools which provides the Audit Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park, you can easy and effectively develop and realize various audit procedures.
Picture: Audit Procedures
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Accounting flowchart is a system of processes to represent accounting system of an organization. If you need to know how accounting processes work and how each operation is done, the Accounting Flowcharts Solution for ConceptDraw DIAGRAM has a predesigned library, tips, methods and symbols for easy drawing an Accounting Flowchart.
Picture: Accounting Flowchart
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Now it’s easy to share your visual documents with other people in a form most convenient for them.
ConceptDraw DIAGRAM can save your drawings and diagrams in a number of highly useful formats, including graphic files. You can save your drawing as a.PNG,.JPG, or other graphic format file.
Picture: Export from ConceptDraw DIAGRAM Document to a Graphic File
Accounting Data Flow from the Accounting Flowcharts Solution visually describes the financial accounting process, shows the accumulated information about transactions and events for creating the balance sheet and the final income statement.
Accounting Flowcharts Solution contains also a wide variety of templates and samples that you can use as the base for your own Accounting Flowcharts of any complexity.
Picture: Accounting Data Flow from the Accounting Flowcharts Solution
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Flowcharts are used to represent accounting information in a system. In ConceptDraw software there are special symbols that are used to create accounting flowcharts.
Picture: Why Flowchart is Important to Accounting Information System?
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