Index

Accounting

The Processing Cycle

It doesn’t matter whether we process data daily, weekly or monthly, the following cycle is recommended as it will ensure that all dependent transactions have already been entered.

Activity	Frequency
Timesheets	Daily
Office costs/disbursement journals	Daily
Trust receipts	}
Creditor invoices	}
General cheques	} Cyclic period
Billing/invoices	}
Trust cheques	}
General receipts	}

The contents of Accounting

Creditors

General Withdrawals

Trust Account

General Receipts

General Deposits

Bank reconciliations

Controlled Money Accounts

End of Year Procedures

General Ledger Account Codes

Recurring Transaction Templates

Accounting

The Processing Cycle

The contents of Accounting

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