General Ledger and Month End Procedures

In this course, you will learn how to post journal entries to the correct general ledger accounts impacted by each transaction. This course will show you how to make sure your general ledger balances at the end of each month by preparing an unadjusted trial balance. You will learn how to look for errors when you don’t balance, and how to determine to correct entries. After posting correcting entries and/or adjusting entries, you will verify debits and credits equal with an adjusted trial balance. This course also goes through the steps of performing monthly bank reconciliations. Agenda Unit 1: The General Ledger · What is the General Ledger · Why must the general ledger balance · Posting to the general ledger · Activity ~ Posting to The General Ledger Unit 2: The Unadjusted Trial Balance · What is the unadjusted trial balance · Verify debit and credit balances · Finding errors · Activity ~ Find The Errors Unit 3: Correcting Entries and Adjusting Entries · Determine correcting entries · Adjusting entries and how to prepare them · Posting correcting entries and adjusting entries to the general ledger · Activity ~ Preparing Entries and Posting to General Ledger Unit 4: The Adjusted Trial Balance · Verify the accuracy of the adjusted trial balance · Prepare monthly bank reconciliations · Activity ~ Prepare a Bank Reconciliation