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Excel Accounting 4–Enter Data & Track Current Month & YTD

Last updated on June 15, 2024 11:47 am
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Description

What you’ll learn

  • How to enter transactions into an accounting system using Excel
  • How to create reports for the current month and for the year to date
  • How to enter transactions into a general journal
  • How to post transactions to a general ledger
  • How to create a trial balance for the current month and the year to date
  • How to create subsidiary ledgers for accounts receivable, accounts payable, and inventory
  • How to create financial statements for one month and for the year to date

This course will enter a month’s worth of data input into an accounting system using Excel, which has already been set up and includes one month of data input.

Learners will learn how to navigate Microsoft Excel and use a well-designed accounting worksheet, complete with a general journal, trial balance, general ledger, subsidiary ledgers for accounts receivable, accounts payable, & inventory, financial statements, and much more.

Excel is an excellent tool to learn accounting because it is much more transparent than a database program, like accounting software. QuickBooks is a typical example of accounting software.

For most new steps in our accounting practice problem, you will have access to a downloadable Excel Workbook containing at least two tabs, one with the answer, the new tasks completed, the other starting where the prior presentation left off.

As we enter the second month of data input, we will analyze the current month’s data and the year-to-date data. We will use Excel to understand how accounting software like QuickBooks generates reports for different periods, including reports for one month, multiple months, and comparative reports.

The course will demonstrate transactions for each accounting cycle, the revenue cycle, the purchases cycle, and the payroll cycle.

We will enter transactions into the general journal, the general ledger, subsidiary ledgers, the trial balance, and the financial statements.

Learners will create financial statements for the current month and the year-to-date data.

Who this course is for:

  • Anybody how wants to learn accounting
  • Accounting and business professionals
  • Anybody who wants to learn Excel
  • Accounting and business students

Course content

  • Month 2-Enter Loan Transaction, Create Amortization Table, & Investment4 lectures • 58min
  • Month 2-Enter Loan Transaction, Create Amortization Table, & Investment
  • Month 2-Enter Sale, Cash Received at Same Time & Bill for Inventory2 lectures • 39min
  • Month 2-Enter Sale, Cash Received at Same Time & Bill for Inventory
  • Month 2-Invoices for Service Sales & Advanced Customer Deposit4 lectures • 1hr 18min
  • Month 2-Invoices for Service Sales & Advanced Customer Deposit
  • Months 2-Transaction for Billable Time2 lectures • 31min
  • Months 2-Transaction for Billable Time
  • Month 2-Rental Income Transaction & Advanced Customer Deposit2 lectures • 35min
  • Month 2-Rental Income Transaction & Advanced Customer Deposit
  • Month 2-Purchase & Finance Equipment2 lectures • 28min
  • Month 2-Purchase & Finance Equipment
  • Month 2-Enter & Pay Month End Bills & Pay Sales Tax2 lectures • 36min
  • Month 2-Enter & Pay Month End Bills & Pay Sales Tax
  • Month 2-Enter Payroll & Pay Payroll Tax for Prior Period3 lectures • 52min
  • Month 2-Enter Payroll & Pay Payroll Tax for Prior Period
  • Month 2 Financial Statements2 lectures • 42min
  • Month 2 Financial Statements

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