Business process

A business process is a set of connected tasks that result in the completion of a goal. There should always be one or more inputs to a business process, which results in some form of output. These processes are not always visible to customers, but are needed to maintain the operations of a business. Examples of common business processes are:

For example, an essential business process is paying employees. Someone needs to compile the hours worked by each employee, multiply these hours by the person’s pay rate, deduct taxes and other items, and process payments. The inputs to the process are hours worked, pay rates, tax rates, and deductions, while the outputs are paychecks and tax remittances.

Related Courses

Accounting Information Systems
Accounting Procedures Guidebook