Accounting: Balance Ledgers & Adjust Entries

Overview

Master the fundamental building blocks of accurate financial record-keeping that every accounting professional needs. This course empowers you with essential double-entry bookkeeping knowledge to recognize normal account balances and execute precise month-end adjusting procedures using QuickBooks. This Short Course was created to help accounting professionals accomplish reliable ledger maintenance and month-end closing procedures. By completing this course, you'll be able to confidently identify whether major account categories carry debit or credit balances, calculate and record adjusting entries for accruals and prepaids, and ensure your general ledger remains balanced after posting transactions. By the end of this course, you will be able to: Recognize the normal debit or credit balance for major general ledger account categories. Apply standard procedures to post month-end adjusting entries and balance the ledger. This course is unique because it combines foundational accounting theory with hands-on QuickBooks practice, ensuring you develop both conceptual understanding and practical skills that translate directly to workplace success. To be successful in this project, you should have a background in basic accounting concepts and access to QuickBooks.

Syllabus

Module 1: Recognize Normal Account Balances

Learners will master the fundamental principles of double-entry bookkeeping by identifying which account categories naturally carry debit balances versus credit balances, providing the essential foundation for accurate financial record-keeping.

Module 2: Apply Adjusting Entry Procedures

Learners will execute the complete month-end adjusting entry process, including identifying adjustment needs, recording entries in QuickBooks, and verifying ledger balance integrity using systematic procedures employed in professional accounting environments.