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"A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. ...
Payment methods.
There are two types of payment methods; exchanging and provisioning. Exchanging is to change coin, money and banknote in terms of the price. Provisioning is to transfer money from one account to another. In this method, a third party must be involved. Credit card, debit card, Cheques, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods. Electronic payments technologies are magnetic stripe card, smartcard, contactless card and mobile handset. Mobile handset based payments are called mobile payments." [Payment. Wikipedia]
The UML activity diagram example "Payment process" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Rapid UML solution from the Software Development area of ConceptDraw Solution Park.
UML activity diagram
UML activity diagram, swimlane, initial, frame, final, action,
The Data flow diagram (DFD) example "Payment for goods using UPS code scanner" shows data flow in process of payment for goods in the shop using the MaxiCode scanner.
"MaxiCode is a public domain, machine-readable symbol system originally created and used by United Parcel Service. Suitable for tracking and managing the shipment of packages, it resembles a barcode, but uses dots arranged in a hexagonal grid instead of bars. MaxiCode has been standardised under ISO/ IEC 16023.
A MaxiCode symbol (internally called "Bird's Eye", "Target", "dense code", or "UPS code") appears as a 1 inch square, with a bullseye in the middle, surrounded by a pattern of hexagonal dots. It can store about 93 characters of information, and up to 8 MaxiCode symbols can be chained together to convey more data. The centered symmetrical bullseye is useful in automatic symbol location regardless of orientation, and it allows MaxiCode symbols to be scanned even on a package traveling rapidly." [MaxiCode. Wikipedia]
This example of data flow diagram (Gane & Sarson notation) was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Data Flow Diagrams solution from the Software Development area of ConceptDraw Solution Park.
DFD
DFD, process, external entity, data store,

Accounting Flowchart: Purchasing, Receiving, Payable and Payment

Accounting flowchart is a system of processes to represent accounting system of an organization. How to create flowcharts for an accounting information system.

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.

Flow Diagram Software

ConceptDraw is a professional Process Flow Diagram software. The basic set of the stencils libraries, samples and templates allows you to draw any type of flowchart. Flowcharts give to users the ability to represent structural data visually. One can draw own flowchart in seconds by using RapidDraw technology.

Easy Flowchart Software

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.

Flowchart Program Mac

ConceptDraw software has been developed for drawing any type of flowchart. Use RapidDraw - thi is flowchart maker technology for adding new objects to a flowchart quickly. This is technology of fast drawing technique focused on making great-looking flowcharts quickly. To get started using it download flowchart maker ConceptDraw DIAGRAM.
"A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. ...
Payment methods.
There are two types of payment methods; exchanging and provisioning. Exchanging is to change coin, money and banknote in terms of the price. Provisioning is to transfer money from one account to another. In this method, a third party must be involved. Credit card, debit card, Cheques, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods. Electronic payments technologies are magnetic stripe card, smartcard, contactless card and mobile handset. Mobile handset based payments are called mobile payments." [Payment. Wikipedia]
The UML activity diagram example "Payment process" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Rapid UML solution from the Software Development area of ConceptDraw Solution Park.
UML activity diagram
UML activity diagram, swimlane, initial, frame, final, action,

Why Flowchart Important to Accounting Information System?

The Accounting flowchart shows how information flows from source documents through the accounting records. The are based on the accounting procedures or processes.

Flowcharts are used to represent accounting information in a system. There are special symbols which are used to create accounting flowcharts. Try conceptdraw flowcharting set of symbols to draw a professional charts.

Business Process Flow Diagram

Business Process Flow Diagram is a graphical presentation of business processes and process flows. It is one of the main tool of business analysis and business process re-engineering that lets identify and easy understand process flows within organization.
ConceptDraw DIAGRAM extended with Business Process Workflow Diagrams solution from the Business Processes area of ConceptDraw Solution Park is a powerful software which lets easy design Business Process Flow Diagram of any complexity.