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Today, I will answer a very important question that many accountants ask what the steps for creating an accounting system are ? Or how do I build an accounting system properly?

The documentary cycle is the first stage of the accounting cycle and it represents the vessels in which the document has traveled since its issuance, passing through all service centers or cost centers that affect it and are affected by it.

What are the joint products? First of all, let us agree that your role as a professional cost accountant in the company allows you to know every small and large thing about the activity of your company

Whether the manufacturing system is based on the production orders system, or the production stages system, we will find that the production activity in general, and whether your job is a manual or a manufacturing accounting program

After purchasing the fixed asset and works well, then we need maintenance and spare parts in order to be able to maintain its efficiency to live for long period, These expenses that we pay are called in the accounting" the subsequent costs of acquiring the fixed assets"

The wage of workers is one of the most important factors involved in the cost of the product and has a great influence in determining the prices of the products

Accounts tree (chart of accounts) if you like to control the work of the financial management of any company, the first thing you need to see is the chart of accounts.If you are working on an accounts program,

Productivity stage system is the suitable system in case the product that passes through the stages of production or different stages or sections, such as factories that produce notebooks

What are the accounts that I am supposed to have in order to be able to properly guide of wages  entry in an accounting manner?

What is the correct accounting guidance for the wages component or what is the accounting wages entry to prove the wages expense?

The cycle of incoming checks and its accounting treatment: The check is a commercial paper "receipt paper" and it replaces cash as a means of clearing debts "debt clearance"

Methods of coding items and their application to warehouse management program Meaning of coding varieties? What is the importance of coding items?

What is meant by the documentary cycle of sales? What are its stages?

Is the sales documentary cycle different according to the size of the company? In other word, does the sales cycle differ in large companies from small companies?

What does a letter of guarantee mean?  What is its importance in contracting accounting? What are the types of letters of guarantee in accounting for contracting companies?

The costs of the executed works and their application in the real estate investment companies accounting program, Through our article today, we will talk about a very important topic in a series of articles explaining in detail

What is the accounting treatment for the manufacturing cycle in the ready-mixed concrete activity and how can it be applied in the ready-mixed concrete station management program?

What are the accounting entries to prove the cycle of real estate investment and how can it apply to the program accounting and management of real estate investment companies Real Estate Software ?

In principle, we must know an important point that allocations are specific to liabilities, whether they are related to short-term or long-term liabilities, but ......

To complete the list of cash flows; as we took in the previous episode of the list of cash flows,we will now talk in this episode in more detail. Let's start with the indirect method

This is the uncovered part of the guarantee letter , that is as a company you presented a letter of guarantee from another company and you have facilities of a bank guarantee letter for example with the value of one million pounds . 

Today we will see a type of financial accounting, which is custody, It is in most or all companies and it is in the accounting guide as part of other debit balances, meaning within the current assets

In contracting accounting, as we mentioned before. Knowledge of government or private processes or abstracts is through direct order or tenders. In all cases

 Standard for changes in exchange rates (currency valuation differences) Egyptian Standard No. 13 and International Standard No. 21

Before starting our topic, we must know some specific concepts related to the topic

The accounting cycle is one of the most important financial accounting sciences that has emerged at the present time as a result of the rapid development of financial information and financial performance technology

What is balance sheet (budget)

Budgeting means planning for the future in order for the company to reach the goals it wants to achieve

Provision for doubtful debts or depreciation of customers, which will be included in most financial statements

Directory of cost centers. What are the cost centers? It will vary from company to another or from one activity to another?

How is the revenue recognized in accounting for construction companies? What are the daily entries applied to financial operations in contracting accounting?

What is the service class? The service category is the intangible product "service" and there is no actual quantity in the store, but we sell it and it gives us the revenue, which is often linked to another tangible product .