Accounting Process For Logistics Company Template

This is an Accounting Process for a Logistics Company that is used by a business for recording and identifying transactions, preparing financial statements, adjusting journal entities, and closing entities. The template is 100% customizable and you can edit every aspect of it with a few simple clicks in MyDraw.

Accounting Process for Logistics Company

The Accounting Process presents the steps followed by any business entity to identify, record, classify and summarize the financial transaction of the business. The process starts with identifying the transaction and ends with the preparation of financial statements.

The purpose of the Accounting Process is also for the business entity to declare its financial position and profits to the stakeholders in the required time intervals.

Main steps in an Accounting Process

  • Identify the Transaction
  • Recording of the Transactions in the Journal
  • Posting in the Ledger
  • Unadjusted Trial Balance
  • Adjusting Journal Entries
  • Adjusted Trial Balance
  • Preparation of Financial Statements
  • Closing Entries