Accounting process

Posting in accounting is the transfer of entries from the books of prime entry to the general ledger using double entry bookkeeping journals.

Accounting Process This Google Image provided this graphic of the Accounting cycle which is crucial for the beginning Accounting student.:

Summary of the accounting cycle financial accounting the process of identifying, recording, summarizing analyzing an financial transactions and reporting them

Accounting Cycle http://financialintelligence.eu/

Guide to what is Accounts Payable Cycle. We explain its flowchart along with steps, example, relevant documents, advantages & disadvantages.

Discover the different types of accounting

The primary purpose of the #accounting function in an #organization is to process #financial information and to prepare financial #statements at the end of the accounting period. To meet the purposes, a series of steps are required. The Accounting Cycle is a nine-step standardized practice used by organizations to record and calculate financial #transactions & activities that will be discussed through this post.

What is the Accounting Cycle? The Accounting Cycle helps you turn your raw financial information into financial statements that you can use to manage and grow your business. It explains the process of recording transactions, creating financial statements, and closing accounts for the next period.

The accounting cycle is a sequence of steps that begins with a transaction and ends when a company closes its books. Learn what happens along the way.