Made with
ConceptDraw
DIAGRAM 15

Steps of Accounting Cycle

The accounting cycle is a complex process that consists of a set of steps occurred in the accounting period. It is called a cycle because the accounting workflow is circular: after execution one accounting period consisting of a sequence of steps of accounting cycle, starts the next accounting period.

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.

Steps of Accounting Cycle

Sample 1. Steps of Accounting Cycle

The execution of the eight basic steps of accounting cycle leads to success work of your organization.

ConceptDraw DIAGRAM diagramming and vector drawing software extended with Accounting Flowcharts Solution provides the Accounting Flowcharts library with predesigned vector shapes, variety of templates and samples to help you easily show the steps of accounting cycle and quickly design the accounting flowcharts.

Steps of Accounting Cycle *

Sample 2. Accounting Flowcharts – Purchasing Flowchart

This sample was created in ConceptDraw DIAGRAM using the Accounting Flowcharts library from the Accounting Flowcharts Solution and shows the purchasing process flow. An experienced user spent 10 minutes creating this sample.

Use the ConceptDraw DIAGRAM with Accounting Flowcharts Solution to create your own professional 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).






NINE RELATED HOW TO's:

Cross-Functional Flowchart →

There are many tools to manage a process or to illustrate an algorithm or a workflow. Flowcharting is one of those tools. However, it may be difficult to show complex processes that require multiple attributes or several people in a simple flowchart, so a cross-functional flowchart would be a solution for that situation. To create such flowchart, group processes and steps to labeled rows or columns, and divide those groups with horizontal or vertical parallel lines. It is worth mentioning that there are different types of cross-functional flowcharts, like opportunity or deployment flowchart. This diagram shows a cross-functional flowchart that was made for a trading process. It contains 14 processes, distributed through 5 lines depicting the participants who interact with the process. Also there are connectors that show the data flow of information between processes. The cross-functional flowchart displays a detailed model of the trading process, as well as all participants in the process and how they interact with each other. The lines in the flowchart indicates the position, department and role of the trading process participants.Cross-Functional Flowchart
Picture: Cross-Functional Flowchart
Related Solution:

Best Vector Drawing Application for Mac OS X →

ConceptDraw DIAGRAM creates drawings, diagrams and charts with great visual appeal in Mac OS X.Best Vector Drawing Application for Mac OS X *
Picture: Best Vector Drawing Application for Mac OS X
Related Solution:

Accounts Payable Process Flow Chart →

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:

Drawing Workflow Diagrams →

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.Drawing Workflow Diagrams *
Picture: Drawing Workflow Diagrams
Related Solution:

Flow Chart Symbols →

ConceptDraw DIAGRAM software extended with Flowcharts Solution from the "Diagrams" Area is a powerful software that will help you design the flowcharts for any business and technical processes, and software algorithms thanks to the predesigned flow chart symbols. Flowcharts solution offers 2 libraries with large collection of vector flow chart symbols: Flowchart Library, Flowcharts Rapid Draw Library that you can use to create your flowcharts quick and easy. Flowchart Solution is number of diagraming stencils including special set of flow chart symbols such as: terminator, process, decision which indicates a decision points between two or more paths in a flowchart, symbol of delay. Major symbols includes symbol of data, document or multiple documents, subroutine, preparation for processing of documents. Also includes symbols: display, manual input, manual loop, loop limit, stored data,connectors and suming junctions, sort and merge operations, symbols of database and internal storFlow Chart  Symbols
Picture: Flow Chart Symbols
Related Solution:

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
Related Solution:

What process should be essentially adopted.Accounting Flowchart Example →

The Accounting flowchart shows how information flows from source documents through the accounting records. The are based on the accounting procedures or processes.What process should be essentially adopted.<br>Accounting Flowchart Example *
Picture: What process should be essentially adopted.Accounting Flowchart Example
Related Solution:

Flowchart Components →

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:

Accounting Data Flow from the Accounting Flowcharts Solution →

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.Accounting Data Flow from the <br>Accounting Flowcharts Solution *
Picture: Accounting Data Flow from the Accounting Flowcharts Solution
Related Solution:
ConceptDraw
DIAGRAM 15