The Accounting processes for the TurboCASH Accounting System consists basically of four steps. These steps are:

Accounting Process in TurboCASH:

1. Input - All transaction data (source documents i.e. cash slips, deposits, cheques, invoices, etc.) are sorted according to the type of transactions, and physically entered into specific journals using a computer keyboard and / or mouse.
2. Process - All the transaction data is automatically stored in the computerised accounting program on your system:
   • The journals are balanced off, posted to the General Ledger and subsidiary ledgers (i.e. debtor’s ledger, creditor’s ledger, stock records, etc.) by a mouse-click or by pressing a key on your keyboard.
   • The General Ledger and subsidiary ledgers are automatically updated and balanced off.
3. Output - A Trial balance, and a host of other reports, are readily available at the press of a few keys on the computer keyboard or a few mouse-clicks. Some reports are:
   • Income Statement
   • Balance Sheet
   • Debtor Statements
   • Creditor Remittance Advices, etc.
4. Backups - The books of account and supporting documents need to be safeguarded from unauthorised access, fire, theft, etc.