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Steps of Accounting Cycle

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 PRO with Accounting Flowcharts Solution to create your own professional Accounting Flowcharts of any complexity quick and easy.

What is the Accounting Cycle?

What is the accounting cycle? The accounting cycle is a sequence of steps that occur in the accounting period and include the processes of identifying, collecting, analyzing documents, recording transactions, classifying, summarizing, and reporting financial information of an organization.

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.

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 PRO 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.

Accounting Cycle Example

Accounting cycle is a sequence of activities which are involved in completing an accounting process. The length of an accounting cycle is changed from organization to organization, this can be month, quarter, half-year, or year.
ConceptDraw PRO diagramming and vector drawing software extended with Accounting Flowcharts Solution from the Finance and Accounting Area of ConceptDraw Solution Park offers the extensive drawing tools, library with ready-to-use vector elements which will help you design any accounting cycle example you need.

Accounting Flowchart Symbols

The excellent possibility to create professional-looking Accounting Flowcharts is offered by powerful ConceptDraw PRO software and its Accounting Flowcharts solution. This solution contains wide variety of predesigned accounting flowchart symbols commonly used when representing the flow of data, documents, tasks and people responsible for performance each stage of accounting work process.

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Accounting Flowcharts solution extends ConceptDraw PRO software with templates, samples and library of vector stencils for drawing the accounting flow charts.

How to Make an Accounting Process Flowchart

Tips on how to make an accounting flowchart. Describing methods and symbols that are used to represent the accounting system.

Circular Diagram

Circular Diagram is a type of diagram widely used in marketing and economics for visualization information in a clear and visual form. ConceptDraw PRO diagramming and vector drawing software offers the useful tools of the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park for effective drawing a Circular Diagram of any complexity and design.

Workflow to Make a Purchase. Accounting Flowchart Example

Purchasing Workflow Chart as a methods for documenting accounting information systems. Symbols and Methods for designing Accounting System.