Financial sub-systems

An effective accounting system consists of a range of subsystems which are integrated into a whole system.

A subsystem is a range of transactions relating to a single sector of the business activities.

The common subsystems found in most accounting systems are:

These subsystems may vary according to the complexity of the business activities but are common to both manual and computerised systems.

There are a variety of outputs from each subsystem with financial statements and budget reports produced from the entire system.

You can click Businesses on the bottom menu to see examples of financial reports and budgets.