
Learn to create and post transactions in an Excel workbook, building a trial balance and general ledger from assets, liabilities, and equity using debit/credit logic, with example and practice tabs.
Build an Excel accounting worksheet from data input to trial balance, general ledger, and subsidiary ledgers for accounts receivable and accounts payable.
Build the accounts payable subsidiary ledger in Excel, linking journal entries to the trial balance and general ledger, organized by vendor with beginning balances.
Create a balance sheet in Excel from a trial balance, detailing assets, liabilities, and equity, with current assets, property, plant and equipment, and accumulated depreciation.
Explore how voiding a check and prior period adjustments affect the ledger, preserving an audit trail with void and journal entries across current and prior years, and why reconciliation matters.
Learn how to record deposits in Excel using deposit form and deposited funds, post accounts receivable to the general ledger, and reconcile with the bank statement within the revenue cycle.
Record sales receipts in Excel, posting service and inventory transactions to checking or deposited funds. Track revenue, sales tax payable, cost of goods sold, and inventory via subsidiary ledgers.
Explore credit memos and refunds, handle bad debt expense with a service item, and reverse invoices in Excel using journal entries and accounts receivable.
Explore payroll processing in Excel, computing gross pay, withholdings (federal income tax, Social Security, Medicare, benefits), and net pay, and learn to record payroll as journal entries.
Construct a start-to-finish Excel worksheet for a trial balance, entering beginning balances, posting journal entries, and preparing a general ledger with subsidiary ledgers, formatting, and balance checks.
Explore how to set up and post beginning balances for accounts payable, build a vendor subsidiary ledger, and link accounts payable to the general ledger and trial balance.
Learn to build a balance sheet in Excel from a trial balance, categorizing cash, accounts receivable, inventory, property, plant and equipment, and current liabilities into assets, liabilities, and equity.
Add new accounts and opening balances in Excel. Post transactions to the general ledger and reconcile the trial balance across assets, liabilities, and equity.
Learn to record inventory purchases and payments in Excel, linking purchase orders to journal entries, and reconcile subledgers with the general ledger in a perpetual inventory workflow.
This course will walk through a comprehensive accounting problem using Microsoft Excel in a step-by-step process. You may also use another spreadsheet software like Google Sheets.
Learners will learn how to navigate Microsoft Excel as well as how to create 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.
As we enter transactions into our Microsoft Excel worksheet, we will discuss how the data input would commonly be entered into accounting software like QuickBooks and what data input forms would normally drive the transactions.
The course will start out from a blank Excel Worksheet. We will build the outline for our accounting system from the blank spreadsheet.
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 being completed, the other starting out where the prior presentation left off.
Therefore, you can complete the entire problem starting from one blank spreadsheet, or you can jump forward in the problem and rework any component of the problem by downloading the related worksheet at that point in the process.
After constructing the outline of our accounting worksheet, the first section will discuss the most common accounting transactions and the data input form often used in accounting software, like QuickBooks, to enter them, common data input forms including invoice, bill, deposit. . .
We will then start our comprehensive problem, constructing a new Excel worksheet and entering beginning balances into it, imagining that we had a prior accounting system which we are now converting to our new accounting system in Excel.
We will then enter two-months worth of data input. When entering the accounting data we will create the journal entry, post it to the trial balance, giving us a good look at which accounts are impacted, post to the general ledger, and make adjustments to any subsidiary ledgers needed.
We will also update the financial statements periodically.
For the second month of operations, we create a bit more complex trial balance, allowing us to calculate both the year-to-date numbers, including both months of data input, and the current period numbers, showing income statement accounts for just the second month of operations.
After entering two months of data input, we will process two bank reconciliations, using mock bank statements. As we construct our bank reconciliations, we will discuss how accounting software often accomplishes this task.
Next, we will adjust our worksheet to enter period end adjusting journal entries as well as reversing entries. For each adjusting entry we will consider the reasons for it and how to set up the accounting system so that our adjusting entries do not mess up the data input process in the accounting department.
After entering the adjusting entries we will construct our financial statements.