Course curriculum

  • 01

    Create Excel Worksheet

    • 1025 Create Accounting Worksheet Part 1

    • 1028 Create Accounting Worksheet Part 2

    • 1031 Create Accounting Worksheet Part 3

    • 1034 Create Accounting Worksheet Part 4

    • 1037 Create Accounting Worksheet Part 5

    • 1040 Create Accounting Worksheet Part 6

    • 1043 Create Accounting Worksheet Part 7

    • 1046 Create Accounting Worksheet Part 8

    • 1049 Create Accounting Worksheet Part 9

    • 1052 Create Accounting Worksheet Part 10

    • 1055 Create Accounting Worksheet Part 11
  • 02

    Vendor Cycle, Purchases Cycle, or Accounts Payable Cycle Transactions

    • 1180 Bill Form

    • 1200 Pay Bills Form Check

    • 1260 Check Form

    • 1280 Void Check Prior Period Adjustment
  • 03

    Customer Cycle, Sales Cycle, or Accounts Receivable Cycle Transactions

    • 1340 Invoice Form

    • 1360 Receive Payment Form

    • 1380 Deposit Form

    • 1400 Sales Receipts Form

    • 1420 Credit Memo Refund Form & Bad Debt Expense Service Item

    • 1488 Credit Memo with Inventory
  • 04

    Employee Cycle- Payroll Cycle Transactions

    • 1520 Pay Employees Form

    • 1522 Pay Employees Form Part 2

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.