Scribd Logo
Upload

Welcome to Scribd!

  • Transaction Processing

    Uploaded by

    Henry Sicelo Nabela
    8 views1 page
    This document outlines the steps for setting up and managing an organization's financial records and accounting processes. It includes creating the organization and default settings, establishing ledgers, customers, suppliers and inventory. It also covers daily transaction processing, backups, month-end and year-end procedures like reconciliations, reporting, adjustments and closing off accounts.

    Original Description:

    Original Title

    Transaction processing

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines the steps for setting up and managing an organization's financial records and accounting processes. It includes creating the organization and default settings, establishing ledgers, customers, suppliers and inventory. It also covers daily transaction processing, backups, month-end and year-end procedures like reconciliations, reporting, adjustments and closing off accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    8 views1 page

    Transaction Processing

    Uploaded by

    Henry Sicelo Nabela
    This document outlines the steps for setting up and managing an organization's financial records and accounting processes. It includes creating the organization and default settings, establishing ledgers, customers, suppliers and inventory. It also covers daily transaction processing, backups, month-end and year-end procedures like reconciliations, reporting, adjustments and closing off accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Organisation creation

    Create organisation

    Set up common
    defaults

    Create Create Create Create


    ledgers customers suppliers inventory

    Take on balances

    Process daily transactions Daily back ups


    Purchases
    Sales
    Receipts (cash book)
    Payments (cash book)
    Petty cash

    Month end Procedures


    Reconciliations
    Petty cash count
    Analytical review
    Journals
    Cash book (Reconcilations)

    Monthly reporting
    Customers
    Suppliers
    Trial balance
    Income statement
    Balance sheet
    Cash flow

    Year end procedures


    Adjustments
    Closing off procedure

    You might also like