Table of Contents
What you’ll learn in this Online Course
- How to create an accounting system using Excel, starting from a blank worksheet
- How to navigate and format Excel worksheets
- How to create a general journal
- How to create a general ledger
- How to create a trial balance
- How to create subsidiary ledgers
- How to create financial statements, including a balance sheet and income statement
- How to enter transactions related to the vendor cycle, including the impact on subsidiary ledgers and financial statements
- How to enter transactions related to the customer cycle, including the impact on subsidiary ledgers and financial statements
- How to enter transactions related to the employee cycle, including the impact on subsidiary ledgers and financial statements
How to Get Udemy Free Course?
In this course we will build an accounting system starting with a blank Excel worksheet, creating a general journal, a general ledger, a trial balance, subledgers, and financial statements.
For each new step in the process, you will have access to a downloadable Excel Workbook, containing at least two tabs, one with the answer, the new steps having been completed, the other starting out where the prior presentation left off.
Once we have created our accounting system worksheet, we will use it to record common transactions, entering the journal entries into the general journal, posting to the general ledger, creating the trial balance, adjusting the subsidiary ledgers, and constructing the financial statements.
As we enter each transaction, we will consider the data input often used in accounting software like QuickBooks. Accounting software will use data input forms like bills, invoices, credit memos, checks, sales receipts, and more, to simplify the data input process, allowing users with little accounting experience to learn data input.
Accountants are generally more valuable when they understand both the accounting theory, the impact on financial statements of each transaction, as well as how an accounting database program like QuickBooks works, including the data input forms used to enter normal financial transactions.
Because spreadsheets are so transparent, they are the perfect tool to gain and understanding of both, accounting theory and accounting software.
Conversely, building an accounting system in Excel is a great way, one of the best ways, to improve your Excel skills.
Who this course is for:
- Accounting professionals
- Anyone who wants to learn Excel
- Students
- Business professionals
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Note: The udemy Courses Will be free for a Maximum of 1000 Learners can use the promo code AND Get this course 100% Free. After that, you will get this course at a discounted price. (Still, It’s a good deal for you to get this course at a discounted price).
