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).
EIGHT RELATED HOW TO's:
ConceptDraw DIAGRAM extended with Cross-Functional Flowcharts Solution from the Business Processes Area is the best software for quick and easy designing Cross Functional Flowchart of any complexity. Make sure in it right now!
Picture: Cross Functional Flowchart
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ConceptDraw Mind maps can be used to depict a quality process.
Picture: Helpful in all stages of quality management
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Data processing can be very complex sometimes. If you are interested in facilitating your work with data, it’s time to learn how to draw flowcharts with special software or using just a piece of paper. The list of flowchart basic symbols includes rectangles, diamond, ellipses etc. and is used to represent processes, actions, decisions or data processing.
A well-done flowchart bring the clearness of the sequence of a process stages. There are number of symbols that can be used in flow charts to show various sorts of steps. The basic flowchart can be created using a few of them: Process, Decision, Start/Finish. A basic element of a flowchart represents a simple action and looks like a box, that contains a description of the action. The depicting of actions sequence is made with arrows between corresponding action boxes, as you can see on the sample diagram. Also it shows the symbols for flowchart start and finish steps. ConceptDraw Flowcharts solution provides the ability to build basic flow charts as well as the ones of any size and complexity with a minimum of actions.
Picture: How to Draw a Flowchart: Step-by-Step Guide
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ConceptDraw DIAGRAM diagramming and vector drawing software extended with Flowcharts Solution from the 'Diagrams' area of ConceptDraw Solution Park is a powerful tool for drawing Flow Charts of any complexity you need. Irrespective of whether you want to draw a Simple Flow Chart or large complex Flow Diagram, you estimate to do it without efforts thanks to the extensive drawing tools of Flowcharts solution, there are professional flowchart symbols and basic flowchart symbols. This sample shows the Gravitational Search Algorithm (GSA) that is the optimization algorithm.
Picture: Simple Flow Chart
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Use ConceptDraw DIAGRAM diagramming and business graphics software to draw your own flowcharts of computer algorithms.
Picture: Process Flow app for macOS
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Now, thanks to the new HR Flowcharts Solution, it become also ideal for designing HR Flowcharts and visually displaying the hiring process steps.
Picture: Hiring Process Steps
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Make sure that your purchasing process complies with the standards and regulations. Common key elements of purchasing process.
Picture: What can go wrong if the purchasing process is not followed?
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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.
Picture: Business Process Flowchart Symbols
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