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Excel Accounting 3 – Enter First Month of Transactions

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Course Description:

On this course we’ll enter frequent monetary transactions for the primary month of operations into an accounting system arrange utilizing an Excel worksheet.

Learners will learn to navigate Microsoft Excel in addition to learn how to use a well-designed accounting worksheet, full with a basic journal, trial steadiness, basic ledger, subsidiary ledgers for accounts receivable, accounts payable, & stock, monetary statements and far more.

Excel is an excellent software to study accounting as a result of it’s far more clear than a database program, like accounting software program, QuickBooks being a typical instance of accounting software program.

For many new steps within the course of, you’ll have entry to a downloadable Excel Workbook, containing at the least two tabs, one with the reply, the brand new steps being accomplished, the opposite beginning out the place the prior presentation left off.

As we enter monetary transactions, we’ll focus on frequent information enter kinds used to enter the transactions by accounting software program like QuickBooks. We publish and analyze the affect of every monetary transaction on the final journal, the final ledger, subsidiary ledgers, trial steadiness, and monetary statements.

New companies typically must generate capital, money, they will then use to put money into property plant and tools, stock, and begin up prices. The primary few transactions we’ll enter can be associated to the proprietor placing private funding into the enterprise and the enterprise taking out a mortgage from a monetary establishment.

We’ll then contemplate monetary transactions associated to the acquisition of stock and the acquisition of short-term investments like shares and bonds.

Learners will know learn how to enter transactions associated to promoting stock objects, monitoring stock utilizing a perpetual stock technique, adjusting the stock subledger with every sale and buy of stock.

The course will focus on the monetary transactions associated to receiving funds from a buyer, reducing the accounts receivable, and monitoring the accounts receivable subledger, recording accounts receivable by buyer.

We may also focus on the use of undeposited funds as a software to group our deposits in the identical manner we count on them to point out on the financial institution assertion, making the financial institution reconciliation course of, a vital inside management, simple.

The course will show getting into transactions associated to writing checks for bills like utilities and the phone, and pay as you go bills like insurance coverage.

Learners may also enter transactions associated to payroll, requiring us to withhold worker payroll taxes, and enter employer payroll taxes.

After getting into a months’ value of information enter will create and modify our monetary statements, the steadiness sheet and the earnings assertion.

Who this course is for:

  • Anyone that desires to study accounting
  • Anyone that desires to study Excel
  • Accounting and enterprise college students

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