100% OFF
Expired

[100% Off] Excel Accounting 3 – Enter First Month of Transactions

Don't Miss Any Coupon!

Don't Miss Any Coupon!

0$ $84.99 Get Course
Learn how to enter transactions, & their impact on general ledger, subsidiary ledgers, trial balance, & financial stmts

Requirements

  • None-If you do not have access to Excel you may use Google Sheets

Description

In this course we will enter common financial transactions for the first month of operations into an accounting system set up using an Excel worksheet.

Learners will learn how to navigate Microsoft Excel as well as how to 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 a very good tool to learn accounting because it is much more transparent than a database program, like accounting software, QuickBooks being a common example of accounting software.

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

As we enter financial transactions, we will discuss common data input forms used to enter the transactions by accounting software like QuickBooks. We post and analyze the impact of each financial transaction on the general journal, the general ledger, subsidiary ledgers, trial balance, and financial statements.

New businesses often need to generate capital, cash, they can then use to invest in property plant and equipment, inventory, and start up costs. The first few transactions we will enter will be related to the owner putting personal funding into the business and the business taking out a loan from a financial institution.

We will then consider financial transactions related to the purchase of inventory and the purchase of short-term investments like stocks and bonds.

Learners will know how to enter transactions related to selling inventory items, tracking inventory using a perpetual inventory method, adjusting the inventory subledger with each sale and purchase of inventory.

The course will discuss the financial transactions related to receiving payments from a customer, decreasing the accounts receivable, and tracking the accounts receivable subledger, recording accounts receivable by customer.

We will also discuss the use of undeposited funds as a tool to group our deposits in the same way we expect them to show on the bank statement, making the bank reconciliation process, a very important internal control, easy.

The course will demonstrate entering transactions related to writing checks for expenses like utilities and the telephone, and prepaid expenses like insurance.

Learners will also enter transactions related to payroll, requiring us to withhold employee payroll taxes, and enter employer payroll taxes.

After entering a months’ worth of data input will create and adjust our financial statements, the balance sheet and the income statement.

Who this course is for:

  • Anybody that wants to learn accounting
  • Anybody that wants to learn Excel
  • Accounting and business students
Don't Miss Any Coupon!

Don't Miss Any Coupon!

0$ $84.99 Get Course

Trendings

udemy coupon | udemy coupon code 2022 | udemy coupon codes | udemy coupons 2022 | udemy coupon 9.99 | udemy coupon free | udemy coupon 90 off | udemy coupons for students | udemy coupon generator | udemy coupon code | udemy 100 off discount global | udemy code coupon | courses in udemy | courses udemy | course in udemy | udemy course | course on udemy | courses on udemy | coupons for udemy | business udemy | free course on udemy | udemy coupon codes 2017 | 10 dollar udemy coupon | udemy free coupons | $10 udemy coupon | udemy coupon 100% microsoft server | udemy free courses with certificate | udemy certificate | udemy free courses | udemy for business | udemy coupon | udemy sale | udemy python | udemy certification | udemy discount code | udemy discount | udemy code | udemy free coupon | best udemy courses | udemy react | udemy programming | udemy java | udemy web development | udemy seo | udemy data science | udemy artificial intelligence | udemy amazon | udemy hacking | udemy ethical hacking | udemy test preparation | udemy coupon 2022 | udemy coupon 2023 | sale udemy | udemy deals | best udemy coupons | coupon in udemy | coupon udemy | coupon code for udemy | coupon code udemy | coupon codes udemy | code coupon udemy | udemy coupon code for free | free coupon udemy | free udemy coupon | free udemy courses coupon | udemy

100% Off Udemy Coupons | Free Udemy Courses Certificates
Logo
Enable registration in settings - general