Course curriculum

  • 01

    Introduction

    • 1012 30 Day Free Trial or Purchase Process

    • Backup File to Be Restored

    • 6010 Restore & Backup Data Files

    • 10120 Adjusting Entries & Reversing Entries Introduction
  • 02

    Accrued Interest Adjusting and Reversing Entries

    • 10180 Adjusting Entry Accrued Interest

    • 10220 Reversing Entry Accrued Interest
  • 03

    Accounts Receivable or Revenue Adjusting and Reversing Entries

    • 10260 Adjusting Entry Accounts Receivable Sales

    • 10300 Reversing Entry Accounts Receivable Sales
  • 04

    Insurance Adjusting Entries

    • 10340 Adjusting Entry Prepaid Insurance
  • 05

    Depreciation Adjusting Entry

    • 10380 Adjusting Entry Depreciation
  • 06

    Unearned Revenue Adjusting & Reversing Entries

    • 10400 Adjusting Entry Unearned Revenue Customer Deposit

    • 10460 Reversing Entry Unearned Revenue Customer Deposit
  • 07

    Loan Short Term & Long Term Portion Adjusting & Reversing Entries

    • 10465 Adjusting Entry Loan Payable Short-Term and Long-Term Portions

    • 10467 Reversing Entry Loan Payable Short-Term and Long-Term Portions
  • 08

    Journal Reports

    • 10480 Adjusting Entry & Reversing Entry Journal Reports

Description

We will enter period end, typically month or year-end, adjusting entries.

Learners will understand the process of adjusting entries and how and why adjusting entries are separate from the general data input process.

We will learn how to transition from the accounting data input to the adjusting process and back to data input for the following month as smoothly as possible.

Making the transitions between the accounting data input and adjusting entries smooth requires reversing entries.

We will discuss which entries should need reversing and why. Learners will understand how to enter reversing entries.

The course will also cover the generation of reports, using filtering options, to show the adjusting and reversing entries.