
Accounting models
Definition of Accounting
Accounting is the term associated with the methods and knowledge surrounding
- -the recording of transactions
- -holding and keeping track of financial records
- -tax advice
- -internal auditing
- -analyzing financial information in order to advise management
- -ensuring the financial strategy of the business is aligned with overall business strategy
This is all done systematically, and will result in knowing the business’ profit and loss for a given period, as well as the value of the business’ assets, liabilities, and owner’s equity.
There are 2 types of accounting: 1/ Financial accounting and 2/ Management Accounting.
Financial accounting entails recording, summarising, and reporting the transactions of the business over a certain period of time.
Management accounting entails producing financial reports and accounts so that management can make informed decisions based on the company’s finances. Usually, periodic reports are sent to management by the accountants. Financial statements are drawn up and kept by the accountants so that they are available for inspection by government bodies. This is to make sure that there is no misleading financial reporting within the business.
Analyzation within Accounting
The practice of accounting also entails analysis of results. After the results have been summarised, an analysis takes place so that the business can compare, plan, reflect, and consider strategies. This helps to evaluate overall performance of the business by withdrawing all positive and negative points.
Accounting and Startups
Often, entrepreneurs can feel anxious when it comes to facing up to the sheer amount of financial documents that appear before them. However, accounting often provides the entrepreneur with the clearest image of their company’s success (or lack of.) For startups, having a clear understanding of your company’s finances will make your job a lot easier when it comes to asking banks for loans, seeking investments, and writing business plans. Business plans should include economic forecast, expected startup and monthly expenditures, and pro forma financial statements. This information is closely analysed by banks and investors to ensure that the entrepreneur has a clear and realistic idea of financial expectations. It is also vitally important for startups to manage their accounts properly for legal and tax reasons.
You can find out more about accounting here:
For startups: Why Accounting is Important for a Startup Business
Management Accounting: a definition by the Business Dictionary
Financial Accounting: Investopedia's definition
Overview of Accounting: What is Accounting by Investopedia
Most popular models
- This 13 Week Cash Forecast Tool is the first step to getting your cash flow under control.1,097Discussadd_shopping_cart$20.00
by CFO.University
Advanced Prepaid Expenditure Model For Advanced Accounting and Reporting
Professional Prepaid Expenditure Model with Dynamic Dashboards using Excel Formulas, Power Query and Pivot Tables1,6191add_shopping_cart$15.00by ExActProBi
Accounts Receivable Excel Dashboard
Accounting, Accounts Receivable Analysis Dashboard in Microsoft Excel.1,746Discussadd_shopping_cart$19.95by Steve Lindsey
Month End Accounting Task Calendar
Boost productivity by staying on top of your tasks. Keeping organized is easy with this intuitive and interactive tool!2731add_shopping_cart$9.95by Steve Lindsey
DSO - DPO - DIO computation and graph - Countback method (Includes countforward method!)
DSO (Days Sales Outstanding)/ DPO (Days Payable Outstanding)/ DIO (Days Inventory Outstanding) charts countback method.964Discussadd_shopping_cart$35.00by HEURTEBIZE
Process Redesign Workbook
Our Process Design Workbook as been developed to help you gain a thorough understanding of your most important Accountin172Discussadd_shopping_cart$55.00by CFO.University
Accounts Receivable Analysis
The Accounts Receivable Analysis template is an efficient tool to evaluate a company’s Debtors and Accounts Receivable131Discussadd_shopping_cart$15.00by ECF Consultancy
Accounting Firm Excel Financial Model
An Accounting Firm Financial Model, Perfect for all Accounting Consultation Business with all relevant tables.28Discussadd_shopping_cart$300.00by Sadaf Abbas
Business Value of IT Excel Calculator
The Business Value of IT Calculator (BVIT) is a very simple and intuitive approach that any executive team can use.95Discussadd_shopping_cart$20.00by CFO.University
Sheetbooks 2021 - Easy Bookkeeping
Sheetbooks 2021 version - Easy Bookkeeping & Accounting for Freelancers, Micro & Small Business33Discussadd_shopping_cart$50.00by Prasetyo
Simple Price, Gross Margin & Unit Variance Analysis Excel Model
This is a Simple Price, Gross Margin and Unit Variance Analysis summarizes Price, Gross Margin and Units Sold Model.233Discussadd_shopping_cart$30.00by CFO.University
Smart Invoice
Easy & smart invoice template with invoice tracking documentation, customized logo, and colour options. Suitable for per34Discussadd_shopping_cart$6.00by Prasetyo
Accounting and company management tool in Excel
A tool to create a phased organizational plan for the implementation of a business project, financial modeling of future140Discussadd_shopping_cart$69.00by Itillect
The Basics of Financial Accounting
Let's get to grasps of how to perform the basics of financial accounting.84Discussadd_shopping_cart$9.99by Rowan Malherbe
Incurred Expense, Accrual and Prepayment Excel Calculator
Excel tool to calculate incurred expenses under accruals principle and prepayment, accural and payable balances2,444Discussadd_shopping_cart$7.00by Projectify
How to Implement Lean Accounting
This step-by-step methodology provides 10 steps on how to implement Lean Accounting.217Discussadd_shopping_cartfreeby David Connaughton
priced models
Accounting Agency Financial Model
Try Bookkeeping Agency Financial Plan. Allows you to start planning with no fuss and maximum of help205Discussadd_shopping_cart$129.00by Henry Sheykin
13 Week Cash Forecast Excel Model Example
This 13 Week Cash Forecast Tool is the first step to getting your cash flow under control.1,097Discussadd_shopping_cart$20.00by CFO.University
Accounts Receivable Excel Dashboard
Accounting, Accounts Receivable Analysis Dashboard in Microsoft Excel.1,746Discussadd_shopping_cart$19.95by Steve Lindsey
Month End Accounting Task Calendar
Boost productivity by staying on top of your tasks. Keeping organized is easy with this intuitive and interactive tool!2731add_shopping_cart$9.95by Steve Lindsey
Advanced Prepaid Expenditure Model For Advanced Accounting and Reporting
Professional Prepaid Expenditure Model with Dynamic Dashboards using Excel Formulas, Power Query and Pivot Tables1,6191add_shopping_cart$15.00by ExActProBi
Incurred Expense, Accrual and Prepayment Excel Calculator
Excel tool to calculate incurred expenses under accruals principle and prepayment, accural and payable balances2,444Discussadd_shopping_cart$7.00by Projectify
Process Redesign Workbook
Our Process Design Workbook as been developed to help you gain a thorough understanding of your most important Accountin172Discussadd_shopping_cart$55.00by CFO.University
DSO - DPO - DIO computation and graph - Countback method (Includes countforward method!)
DSO (Days Sales Outstanding)/ DPO (Days Payable Outstanding)/ DIO (Days Inventory Outstanding) charts countback method.964Discussadd_shopping_cart$35.00by HEURTEBIZE
Accounts Receivable Analysis
The Accounts Receivable Analysis template is an efficient tool to evaluate a company’s Debtors and Accounts Receivable131Discussadd_shopping_cart$15.00by ECF Consultancy
Accounting Firm Excel Financial Model
An Accounting Firm Financial Model, Perfect for all Accounting Consultation Business with all relevant tables.28Discussadd_shopping_cart$300.00by Sadaf Abbas
Business Value of IT Excel Calculator
The Business Value of IT Calculator (BVIT) is a very simple and intuitive approach that any executive team can use.95Discussadd_shopping_cart$20.00by CFO.University
Sheetbooks 2021 - Easy Bookkeeping
Sheetbooks 2021 version - Easy Bookkeeping & Accounting for Freelancers, Micro & Small Business33Discussadd_shopping_cart$50.00by Prasetyo
Simple Price, Gross Margin & Unit Variance Analysis Excel Model
This is a Simple Price, Gross Margin and Unit Variance Analysis summarizes Price, Gross Margin and Units Sold Model.233Discussadd_shopping_cart$30.00by CFO.University
Smart Invoice
Easy & smart invoice template with invoice tracking documentation, customized logo, and colour options. Suitable for per34Discussadd_shopping_cart$6.00by Prasetyo
Accounting and company management tool in Excel
A tool to create a phased organizational plan for the implementation of a business project, financial modeling of future140Discussadd_shopping_cart$69.00by Itillect
The Basics of Financial Accounting
Let's get to grasps of how to perform the basics of financial accounting.84Discussadd_shopping_cart$9.99by Rowan Malherbe
Newly published
From Trial Balance to Business Valuation – Management Accounts Model
Management Accounts Template, providing full reporting cycle and mapping between accounting and financial statements.New!Discussadd_shopping_cart$79.00by GL Consulting
EVERYDAY ACC
Your cash in cash out control nightmares are over. This table and more like it will do wonders for your small business.21Discussadd_shopping_cart$25.00by Bongani Zwane
Simple Contribution Margin Variance Calculator
Basic calculator that breaks down contribution margin chance into its component effects (price, cost and quantity).39Discussadd_shopping_cartfreeby Yimerson Tobias
Estimating Interest Rate for Leases - IFRS 16 Requirement
This model estimates the leases interest rate.The data in the template is expected to be updated annually.151Discussadd_shopping_cartIFRS 9 Stage 1 ECL Estimation
This model estimates the probability of defaults on financial instruments, for financing reporting purpose.763Discussadd_shopping_cartAccounting Firm Excel Financial Model
An Accounting Firm Financial Model, Perfect for all Accounting Consultation Business with all relevant tables.28Discussadd_shopping_cart$300.00by Sadaf Abbas
Smart Invoice
Easy & smart invoice template with invoice tracking documentation, customized logo, and colour options. Suitable for per34Discussadd_shopping_cart$6.00by Prasetyo
Sheetbooks 2021 - Easy Bookkeeping
Sheetbooks 2021 version - Easy Bookkeeping & Accounting for Freelancers, Micro & Small Business33Discussadd_shopping_cart$50.00by Prasetyo
RLCPlan 24 - your 24 period forecast template
Spreadsheet template for a 24-period financial forecast22Discussadd_shopping_cart$30.00by Ryan Luke
Income Categorization Model
Adjustment of Income which is recorded as per posting date to Matching and Accrual Concept98Discussadd_shopping_cartReconciliation Excel Model
Transactions reconciliation with amount differences and no common keys available to it.169Discussadd_shopping_cartCredit Card Reconciliation Model
Automated Reconciliation of Plastic Money Transactions92Discussadd_shopping_cartAccounting Agency Financial Model
Try Bookkeeping Agency Financial Plan. Allows you to start planning with no fuss and maximum of help205Discussadd_shopping_cart$129.00by Henry Sheykin
Operating Lease (IFRS) (GAAPs) Excel Model
Operating Lease (IFRS & GAAPs) Financial Model in Microsoft Excel.49Discussadd_shopping_cart$60.00by K Raza
Accounting Fundamentals for Employers and Employees
Learn to read, understand and analyze Financial Statements25Discussadd_shopping_cart$49.50by Tonio Farrugia
Investor-Ready Accounting Software Financial Plan
Order Your Accounting Software Pro Forma Projection. Sources & Uses, Profit & Loss, Cash Flow statements, KPIs96Discussadd_shopping_cart$129.00by Henry Sheykin
Full catalog
Capitalizing Leases - Webcast
Learn how to treat leases as a financial expense instead of an operating expense467Discussadd_shopping_cartfreeby Aswath Damodaran
Credit Card Reconciliation Model
Automated Reconciliation of Plastic Money Transactions92Discussadd_shopping_cartHow to Compile a Comprehensive Financial Database
These models and accompanying PDF and YouTube guides are exhaustive tools for downloading a comprehensive database.293Discussadd_shopping_cartfreeby Prof. Ed Bodmer
Estimating Interest Rate for Leases - IFRS 16 Requirement
This model estimates the leases interest rate.The data in the template is expected to be updated annually.151Discussadd_shopping_cartAccounting Agency Financial Model
Try Bookkeeping Agency Financial Plan. Allows you to start planning with no fuss and maximum of help205Discussadd_shopping_cart$129.00by Henry Sheykin
Reconciliation Excel Model
Transactions reconciliation with amount differences and no common keys available to it.169Discussadd_shopping_cart13 Week Cash Forecast Excel Model Example
This 13 Week Cash Forecast Tool is the first step to getting your cash flow under control.1,097Discussadd_shopping_cart$20.00by CFO.University
How to use an Interest Rate Database
This is an Interest Rate Database with accompanying resources and a detailed guide to help you analyse interest rates.194Discussadd_shopping_cartfreeby Prof. Ed Bodmer
Accountant in Business
Let's understand what an accountant does for a business.142Discussadd_shopping_cartfreeby Rowan Malherbe
Income Categorization Model
Adjustment of Income which is recorded as per posting date to Matching and Accrual Concept98Discussadd_shopping_cartAccounts Receivable Excel Dashboard
Accounting, Accounts Receivable Analysis Dashboard in Microsoft Excel.1,746Discussadd_shopping_cart$19.95by Steve Lindsey
Month End Accounting Task Calendar
Boost productivity by staying on top of your tasks. Keeping organized is easy with this intuitive and interactive tool!2731add_shopping_cart$9.95by Steve Lindsey
How to Implement Lean Accounting
This step-by-step methodology provides 10 steps on how to implement Lean Accounting.217Discussadd_shopping_cartfreeby David Connaughton
Freelancer / Contractor / Startup Excel Printable Invoice Template
Crete and print or save an invoice as PDF with a single button.117Discussadd_shopping_cartHow to Properly Record Deferred Revenue in SaaS
This is a template helping your SaaS business to record Deferred Revenue.439Discussadd_shopping_cartfreeby Ben Murray
Chapters Model with Leveraged Buyout LBO Analysis
A full financial model to understand the mechanics of an organisation using Valuation, LBO, & Financial Reports1,208Discussadd_shopping_cartfreeby Joshua Wong
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