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Excel Accounting 1–Transactions for Common Data Input Forms
Rating: 4.3 out of 5(375 ratings)
47,348 students

Excel Accounting 1–Transactions for Common Data Input Forms

Learn how to build an accounting system using Excel and how to enter common transactions from a CPA
Created byRobert (Bob) Steele
Last updated 12/2021
English
English [Auto],

What you'll learn

  • 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

Course content

4 sections • 23 lectures • 8h 15m total length

  • 1025 Create Accounting Worksheet Part 119:13

    practice problem-driven guide walks through building an accounting worksheet in Excel, from data input and journal entries to trial balance, general ledger, and basic financial statements, with color-coded formatting.

  • 1028 Create Accounting Worksheet Part 211:04

    Develop and format an Excel accounting worksheet, build a trial balance with debits and credits, use clean formulas for net income, and apply conditional formatting for balance checks.

  • 1031 Create Accounting Worksheet Part 313:20

    Learn how to build an accounting worksheet in Excel by entering transactions, posting to the trial balance and general ledger, and validating debits equal credits with practical checks.

  • 1034 Create Accounting Worksheet Part 47:50

    Create and format an Excel accounting worksheet to post transactions to the trial balance and general ledger, using an example and practice tab, with color-coded accounts and debit-credit formulas.

  • 1037 Create Accounting Worksheet Part 517:14

    Explore step-by-step creation of an accounting worksheet in Excel, including posting debits and credits, building a trial balance, and developing a running balance in the general ledger.

  • 1040 Create Accounting Worksheet Part 615:58

    Create an accounting worksheet by recording journal entries, building a trial balance, and posting to the general ledger with subsidiary ledgers for accounts receivable and accounts payable.

  • 1043 Create Accounting Worksheet Part 78:28

    Guides you through creating an Excel accounting worksheet, from data input and journal entries to the trial balance and general ledger, including accounts payable and accounts receivable subledgers by vendor.

  • 1046 Create Accounting Worksheet Part 815:58

    Create an inventory subsidiary ledger in Excel using the weighted average method to track units and costs, linking purchases and cost of goods sold to the trial balance.

  • 1049 Create Accounting Worksheet Part 927:54

    Turn a trial balance into a balance sheet in Excel by assembling assets, liabilities, and equity, with subsidiary ledgers and careful formatting, autofill, and double-entry explanations.

  • 1052 Create Accounting Worksheet Part 1018:39

    Create an Excel accounting worksheet from a blank sheet, input transactions, post to trial balance and general ledger, then assemble balance sheet and income statement using debits and credits.

  • 1055 Create Accounting Worksheet Part 1119:31

    Learn to build a statement of equity from the trial balance in Excel. Link the balance sheet and income statement through equity accounts, including draws, owner investments, and net income.

Requirements

  • None - if you do not have Excel you may use Google Sheets or some other spreadsheet program

Description

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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