Referrals/ Walk in

Clients
Consideration

 Integrity of the clients

Prepare  Competence of the firm
Proposal
proposal  Compliance with ethical
Acceptance Letter
acceptance requirements
letter

Engagement Work Develop

Plan Engagement
Work Plan Bookkeeping Procedures

 Journalizing Transactions
 General Ledger posting
 Preparing Trial Balance
Conduct  Compiling Financial
Engagement Statements

Financial Statements
(Output)

Identify
No
Accept reasons for
non-
acceptance
Yes

Official Receipt Bill the No Withdraw

Clients Justifiable from the
(Output) engagement

Yes

Revise
Referrals/ Walk in
Financial
Clients
Statements

Figure : Bookkeeping Process