Accounting Equation & Excel-Enter Second Month of Data Input

This course provides an in-depth, hands-on exploration of intermediate accounting processes using Microsoft Excel, focusing on managing and analyzing financial data for the second month of operations. It is specifically designed for learners with a basic understanding of the accounting equation and a foundational familiarity with Excel. Participants will delve into the practical application of accounting principles by entering detailed data for accounts receivable, accounts payable, and inventory, utilizing subledgers to enhance organization and reporting accuracy.

The course guides learners through the step-by-step preparation of essential financial statements, including a balance sheet and income statement, allowing participants to interpret and present financial results accurately after one full month of operations. Additionally, learners will gain proficiency in handling complex business transactions, including recording and processing payroll, calculating and paying payroll taxes, and managing sales tax collection and remittance.

By the end of this course, participants will have mastered techniques for managing dynamic accounting tasks within Excel, including reconciling accounts, creating and analyzing subledgers, and producing accurate financial statements.

This course is ideal for accounting professionals, small business owners, and students who wish to expand their financial management capabilities using Excel. Key topics include advanced data entry and reconciliation techniques, efficient subledger setup and maintenance for specific accounts, structured workflows for balance sheet and income statement creation, detailed payroll and tax processing, and comprehensive strategies for recording and paying sales tax.