How to understand the types, advantages and disadvantages of financial processing flow

Types, advantages and disadvantages of financial processing procedures

I. Accounting procedures for accounting vouchers

Advantages: the bookkeeping procedure is simple and easy to understand, and the general ledger can reflect the occurrence of economic business in detail, with clear context and easy access.

Disadvantages: The economic business of the accounting entity is complex and numerous, and the workload of registering the general ledger is heavy.

Scope of application: suitable for small units with less economic business.

Second, the accounting procedures for the summary of accounting vouchers

Advantages: according to the summary accounting voucher, the general ledger is registered, which reduces the workload of general ledger registration, and at the same time, the summary accounting voucher still retains the corresponding relationship between accounts involved in economic business, thus reflecting the ins and outs of economic business and facilitating queue jumping and account analysis.

Disadvantages: the compilation procedure of summary accounting vouchers is complicated, and the summary transfer vouchers are classified and summarized according to each credit account, not according to the nature of economic business, which is not conducive to the daily division of accounting. When there are many transfer vouchers, the workload of compiling summary transfer vouchers is heavy.

Scope of application: suitable for large units with more economic business.

Third, the subject summary table accounting processing procedures

Advantages: Registering the general ledger according to the account summary table greatly reduces the workload of registering the general ledger. Because the account summary table plays the role of trial balance, it can ensure the correctness of general ledger records. In addition, the account summary table is concise and easy to understand.

Disadvantages: the account summary table cannot reflect the corresponding relationship of accounts and reveal the details of economic business, which is not convenient for auditing accounts and analyzing the ins and outs of economic business.

Scope of application: suitable for all kinds of enterprises, especially those with large economic business volume.