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Simple Accounting Flowchart

This accounting flowchart outlines the basic steps in processing business transactions. It starts with analyzing transactions, then journalizing them, posting to ledgers, and preparing a trial balance. Adjustments may then be made if needed, with the adjusted information used to prepare final financial statements.

Uploaded by

Sameer Sawant
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575 views

Simple Accounting Flowchart

This accounting flowchart outlines the basic steps in processing business transactions. It starts with analyzing transactions, then journalizing them, posting to ledgers, and preparing a trial balance. Adjustments may then be made if needed, with the adjusted information used to prepare final financial statements.

Uploaded by

Sameer Sawant
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Accounting Flowchart

Analyze Business
Transaction

Journalize Transaction

Posting to
Ledger Ledgers
Account

Prepare Trail Trail Balance


Balance

Journal &
Post Adjusted Trail Balance
Adjustments

Prepare Financial Statements


Financial
Statement

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