Double Entry / Journal Entry Accounting System Using Excel

Empowering Financial Proficiency through Microsoft Excel's Advanced Double Entry Accounting Techniques

What you'll learn

Demo of the project

Initial One time Setup

How to Create Chart of Accounts

Passing Journal Entries

How to Get Reports And Financial Statements

Budget and Comparison

Ad hoc Reports and Pivot tables reports

Requirements

You Can Download the Excel Template and use directly

No need any Excel cording knowledge. This Course is not to create the Excel file. This is to download the file and how to use it

Description

Embark on a transformative learning experience with our "Mastering Double Entry Accounting with Microsoft Excel" course, designed to empower participants with in-depth knowledge and practical skills in financial management. This comprehensive program kicks off with a quick project demo, providing a glimpse into the powerful functionalities of the Double Entry Accounting system within Microsoft Excel.The journey begins by guiding participants through the initial setup, downloading the original Excel template, and establishing a well-organized Chart of Accounts. As the course progresses, dive into the intricacies of posting accurate Journal Entries, creating a Trail Balance, and interpreting critical financial statements like the Profit and Loss Statement and Balance Sheet.Participants will gain proficiency in navigating General Ledger Accounts, identify and avoid common mistakes when posting entries and creating accounts, and customize financial statements to align with specific business needs. The course extends to advanced topics such as generating Cost Center Wise Reports, conducting trend analysis for strategic decision-making, and handling consolidation within a holding company structure.Moreover, participants will explore the nuances of transferring data seamlessly into another system, ensuring interoperability with diverse business tools. Whether you're a novice looking to build a strong foundation or an intermediate user aiming to refine your skills, this course offers a holistic and practical approach to mastering Double Entry Accounting in the context of Microsoft Excel. Elevate your financial management capabilities and unlock new possibilities for effective and error-free accounting practices.

Overview

Section 1: Introduction

Lecture 1 Quick Demo of the project

Lecture 2 Introduction

Section 2: Download the File

Lecture 3 Download Original Excel Template

Section 3: Entering Data into System

Lecture 4 Initial One time Setup

Lecture 5 Creating Chart of Accounts

Lecture 6 Posting Journal Entries

Section 4: Financial Reports

Lecture 7 View Trail Balance

Lecture 8 View Profit and Loss Statement and Balance Sheet Statement

Lecture 9 View General Ledger Accounts

Section 5: Common Mistakes and Errors

Lecture 10 Common Mistakes when Posting Entries

Lecture 11 Common Mistakes when Creating Accounts

Section 6: Customizing Financial Statments

Lecture 12 Customizing Financial Statments

Accountants, and business developers to Track the company performance,Startup Busyness owners / Subsidiary companies