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.
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.
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).
TEN RELATED HOW TO's:
Flowchart Marketing Process. Flowchart Examples →
This sample shows the Flowchart that displays the layout and work flow of the cloud marketing platform. This diagram has a style of the marketing brochure. This style displays the central product that is related to the other issues. Using the ready-to-use predesigned objects, samples and templates from the Flowcharts Solution for ConceptDraw DIAGRAM you can create your own professional looking Flowchart Diagrams quick and easy.
Flowchart Symbols Accounting. Activity-based costing (ABC) flowchart →
When used in different areas, flowcharts use specific symbols to depict different elements. ConceptDraw DIAGRAM offers libraries of symbols for many areas. One of such libraries is flowchart symbols accounting, which provides symbols for accounting diagrams. Activity-based costing calculates the costs of all products and services based on activities in an organization. A type of accounting flowchart that shows how costs are assigned to products with resources and activities is called Activity-based costing (ABC) flowchart. It can be designed in a digital drawing software such as ConceptDraw DIAGRAM. Here is an accounting flowchart template and symbols. These flowchart symbols are applied for making accounting flow charts in ConceptDraw DIAGRAM and with its Accounting Flowcharts solution. An accounting flowchart is a specific type of a flow diagram. Practically a number of flowchart-type diagrams commonly utilized to clarify many parts of an accounting department working process. Accounting flowchart assists a process of preparing accounting documentation. It shows who responsible for implementation of each step in the workflow of accounting department.
Business Process Flowchart Symbols →
Diagramming is an astonishing way to visualize business processes. The list of the most common business process flowchart symbols is quite long starting from basic flowcharts, continuing with SIPOC diagrams. Business process modeling was never easier than now, with special ConceptDraw Business Process Mapping solution. To carry out all professional standard requirements for business processes mapping, it is necessarily to follow the special graphical notations. ConceptDraw Business Process Mapping solution offers an exhaustive suite of tools to aid business process mapping. There are three vector libraries SIPOC Diagrams, Business Process Flowcharts, and Swim Lanes that contains totally more than 50 symbols of standard BPM notations. This is all that professionals need to effectively evaluate and manage quality in business processes.
Process Flow Maps →
What is a Process Flow Map? It is a chart which visually illustrates a business process and how its steps work together. Process Flow Maps help companies define problem areas, inefficient activities for the purpose of further increasing performance and profitability of businesses. ConceptDraw DIAGRAM diagramming and vector drawing software extended with Flowcharts solution from the "Diagrams" area of ConceptDraw Solution Park is efficient and productive software for fast and simple creating professional looking Process Flow Map.
Flow Diagram Software →
Diagrams are a very important part of modern life. With the help of flow diagram software, a lot of companies can promote their ideas at the market. Its usefulness is totally doubtless. This is a flow chart of the invoice payment flow. This flowchart details decrypts all stages of the process of obtaining and paying bills. It is a description of the universal process - such steps performs accounting departments of almost any organization. Since every business no matter what it does is a consumer of some goods or services. The given flow chart was made using ConceptDraw DIAGRAM software and the Diagrams solution for making flowcharts of any kind.
Account Flowchart. Flowchart Examples →
Create your own flow charts of computer or network system account processing using the ConceptDraw DIAGRAM diagramming and vector drawing software extended with the Cross-Functional Flowcharts solution from the Business Processes area of ConceptDraw Solution Park. The flow chart example shows the computer network system account processing.
Flowchart Definition →
Acquaintance with flowcharting starts from getting into basic terms. First of all, flowchart definition is quite clear – a flowchart is a graphical representation of a process or an algorithm made of special symbols. Secondly, flowcharting is an irreplaceable tool for IT specialists, project managers, and anyone who wants a clear understanding of any imaginable process.
How Do You Make An Accounting Process Flowchart? →
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.
Data Flow Diagram Model →
Developing a software project supposes architecture first. To make it proper, you can use data flow diagram model in your current project. The data flow diagram represents the Model of small traditional production enterprise that is made using Yourdon and Coad notation. It shows how the data is transfered through a process. According to the notation of Yourdon and Coad a process is represented by circles and data stores are drawn using parallel lines. This DFD was created using the ConceptDraw Data Flow Diagrams solution. Using this solution one can visualize data flow accordingly to the rules of two basic notations used for data flow modeling.
Steps in the Accounting Process →
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.