Free Coupon Code Excel Accounting 2–Worksheet, Opening Balances, & Subledger 100% OFF

Udemy Free coupon code for Excel Accounting 2–Worksheet, Opening Balances, & Subledger course taught by Robert (Bob) Steele, which has 35,791 students and is rated 4.8 out of 137 votes. This course is about 2 hour(s) 30 minute(s) in English and was updated on November 18, 2024. You can use this Udemy course with a free certificate and find the coupon at the bottom of this page.

Learn how to set up an accounting system in Excel and add beginning balances from a Certified Public Accountant (CPA)

In this course we will create an accounting system starting from a blank Excel worksheet and add begging balances to our accounts.

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, and subsidiary ledgers for accounts receivable, accounts payable, & inventory.

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.

For most new steps 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.

Once our accounting system using an Excel worksheet is set up, we will add journal entries to enter beginning balances to our accounts, imagining we are moving from a prior accounting system to our new Excel worksheet system.

When adding the beginning inventory balance to the chart of accounts, we will also add an inventory subsidiary ledger, reporting inventory by item and unit, as well as by cost.

As we add the beginning accounts receivable balance to the chart of accounts, we will also add the accounts receivable subsidiary ledger, showing the money owed to the company by customer.

And when we add the accounts payable balance to the chart of accounts, we will add the accounts payable subsidiary ledger, reporting the money owed by the company to vendors.