Excel Accounting 3 – Enter First Month of Transactions

🌟 Course Title: Excel Accounting 3 – Enter First Month of Transactions

🚀 Headline: Unlock Financial Mastery - Master Transaction Entry & Impact Analysis with Excel!

📊 Course Description:

Dive into the world of accounting with our comprehensive online course, "Excel Accounting 3 – Enter First Month of Transactions." This course is designed to guide you through the process of entering common financial transactions for the first month of operations using an Excel worksheet as your accounting system. Whether you're a business owner, an aspiring accountant, or just looking to enhance your financial literacy, this course will equip you with the skills needed to navigate Microsoft Excel and utilize a robust accounting worksheet effectively.

What You Will Learn:

• Excel Proficiency: Get comfortable with Microsoft Excel, a transparent tool that offers unparalleled clarity in financial transactions compared to software like QuickBooks.

• Accounting Worksheet Mastery: Work with an expertly designed accounting worksheet that includes a general journal, trial balance, general ledger, subsidiary ledgers for accounts receivable, accounts payable, and inventory, as well as comprehensive financial statements.

• Hands-On Learning: For each new step, you'll have access to downloadable Excel Workbooks with two tabs – one displaying the completed steps and the other providing a starting point for your learning journey.

• Real-World Scenarios: Learn by doing as we simulate common financial transactions, discussing how they are typically entered in accounting software like QuickBooks and analyzing their impact on various ledgers and statements.

Key Topics Covered:

• Capital Generation: Understand transactions related to personal funding into the business, loans from financial institutions, and the implications for your business's capital structure.

• Inventory and Short-term Investments: Learn how to manage inventory transactions, including purchasing inventory and short-term investments like stocks and bonds.

• Sales Transactions: Grasp the perpetual inventory method, adjusting inventory subledgers with each sale and purchase, and recording customer sales and receivables accurately.

• Financial Statements Creation: Gain practical experience in creating and adjusting financial statements, including balance sheets and income statements, after a month's worth of data entry.

• Expense Management: Enter transactions for regular expenses like utilities and telephone, as well as prepaid expenses like insurance.

• Payroll Processing: Understand how to handle payroll transactions, including withholding employee payroll taxes and entering employer payroll taxes.

Course Highlights:

• Interactive Learning: Engage with real-world financial scenarios that mirror the data entry practices of accounting software.

• Comprehensive Workbooks: Utilize detailed Excel Workbooks to reinforce learning and track your progress.

• Expert Guidance: Learn from Robert (Bob) Steele, a seasoned course instructor with extensive experience in accounting and online education.

• Versatile Skills: Acquire skills that are not only valuable for personal financial management but also highly sought after by employers in various industries.

Enroll now to transform your approach to accounting and make informed financial decisions with confidence! 💰📈🚀