General Ledger and Month End Procedures

Course Overview

In this course, learn how to post journal entries to the correct general ledger accounts impacted by each transaction. This course will show participants how to make sure your general ledger balances at the end of each month by preparing an unadjusted trial balance. Participants will learn how to look for errors when they don't balance, and how to determine correct entries. After posting corrected entries and/or adjusted entries, they will verify debits and credits equal with an adjusted trial balance. This course also goes through the steps of performing monthly bank reconciliations.

Course Outcomes

Upon successful completion of this course, participants will be able to:

• Post journal entries to the general ledger accounts
• Prepare an unadjusted trial balance
• Prepare any necessary correcting entries and adjusting entries
• Prepare an adjusted trial balance to verify general ledger balances
• Perform monthly bank reconciliations

Course Objectives

• Participants will understand the purpose of the general ledger and how to verify its accuracy
• Participants will learn how to find errors and determine the correcting entries
• Participants will understand each step necessary to the month end procedures
• Participants will be able to perform monthly bank reconciliations