Difference between pages "Accounting Process" and "Roadmap"

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Whether you are using leather bound books, excel or software, the accounting/bookkeeping process remains the same.
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====BookkeepingPedia Wiki Roadmap====
  
It is simply the recording of all financial transactions within a business and then organising it a meaning full way for compliance and business analysis.
 
  
All bookkeeping is still based on double entry accounting. All the software still works this way, its just that we don't see much of it anymore. Understanding the process though is one major difference between a data entry person and a great bookkeeper.
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This road map is like a to do list, its updated as items are completed and may be rearranged as we move forward
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All accounts must be either debited or credited '''NOTE:''' Some accounts are increased by debits, others are increased by credits
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'''Primary focus - <span style="color: red"> Accounting Process'''<br>
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'''Secondary focus -<span style="color: red"> Payroll'''
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=====Main Page-primary focus=====
  
These are generally the steps taken:
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[[Accounting Process]]
* [[General Journal]] - All the financial transactions are recorded in chronological order where each transaction affects at least two accounts (these accounts form your [[Chart of Accounts]])
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=====Sub Pages=====
{| class="wikitable"
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!colspan="4"|General Journal Example
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[[General Journal]] '''in progress - <span style="color: red"> Accounting Process'''<br>
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[[General Ledger]]<br>
|'''Date'''
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[[Chart of Accounts]]
|'''Account'''
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|'''Debit'''
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=====Main Page-secondary focus=====
|'''Credit'''
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[[Payroll]]<br>
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Superannuation<br>
|June 30
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|Cash At Bank
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=====Sub Pages=====
|1,000
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Payroll Processing
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|-
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Termination Processing
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| style="text-align:center;" | Office Expense
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Payroll Setup - employees
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* Xero
|1,000
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* MYOB
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Payroll Setup - file
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* Xero
|For the purchase of a really nice stapler
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* MYOB
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Time in Lieu
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|}
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Redundancy
* [[General Ledger]] - The transactions are now posted to the accounts identified in the Journal entry
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Death of Employee
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Leave (annual, personal, long service)
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Allowances
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Reimbursements
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RDO's
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Correcting Payroll Errors
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Single Touch Payroll
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Salary Sacrifice
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Paying Extra Tax
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Novated Lease
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Employee Loans
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====Software Setups====
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Chart of accounts
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Organisations
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Custom Templates

Revision as of 06:01, 15 November 2018

BookkeepingPedia Wiki Roadmap

This road map is like a to do list, its updated as items are completed and may be rearranged as we move forward


Primary focus - Accounting Process
Secondary focus - Payroll


Main Page-primary focus

Accounting Process

Sub Pages

General Journal in progress - Accounting Process
General Ledger
Chart of Accounts

Main Page-secondary focus

Payroll
Superannuation

Sub Pages

Payroll Processing

Termination Processing

Payroll Setup - employees

  • Xero
  • MYOB

Payroll Setup - file

  • Xero
  • MYOB

Time in Lieu

Redundancy

Death of Employee

Leave (annual, personal, long service)

Allowances

Reimbursements

RDO's

Correcting Payroll Errors

Single Touch Payroll

Salary Sacrifice

Paying Extra Tax

Novated Lease

Employee Loans


Software Setups

Chart of accounts

Organisations

Custom Templates